FX.co ★ USD/CHF Expected To Increase!

USD/CHF failed to retest the uptrend line signaling strong buyers. I've told you in a former analysis that a breakout above the minor downtrend line leads to new upside momentum. The pair could continue to increase as long as it stays above the uptrend line.

Passing above 0.9313 former high represents a buying opportunity. So, jumping above the former high means that the price could resume the upside movement.

Trading Conclusion!

Jumping above the 0.9313 level is seen as a buying signal with upside targets at 0.94, 0.9450 levels.