FX.co ★ USDCHF Daily analysis.

USDCHF is trading around 0.9220 after making a low at 0.9156. Price continues to trade above the key upward sloping trend line support now found at 0.9115.

USDCHF continues to form higher highs and higher lows since the low of June 2021. The upward sloping support trend line is at 0.9115 and as long as price is above it, bulls have hopes for another run towards 0.93-0.94. Failure to stay above 0.9115 will be a sign of weakness. Until then we consider buying the dips towards 0.91 as the best strategy.