FX.co ★ USD/CHF upside continuation to be confirmed

USD/CHF temporary decline

The USD/CHF pair dropped a little in the short term, but the bias remains bullish. The price could climb higher as long as it stays above the uptrend line. Actually, in the short term, the rate is likely to move somehow sideways.

Now, it challenges the minor downtrend line which represents a dynamic upside obstacle. Also, 0.9250 former high stands as an upside obstacle, as a static resistance level. Passing above these immediate obstacles could announce potential further growth.

USD/CHF trading conclusion

Its failure to retest the uptrend line signals strong buyers. Jumping and staying above 0.9250 could indicate an upside continuation. This scenario could bring new buying opportunities.