FX.co ★ USD/CHF upwards continuation confirmed

USD/CHF Upside Breakout!

The USD/CHF pair drops at the time of writing after reaching the 0.9303 level. In the short term, the price could come back down to test and retest the immediate downside obstacles before jumping higher. As you already know from my analyses, jumping above the downtrend line and above the 0.9278 may activate an upside continuation.

As you can see, the USD/CHF pair retested the broken black downtrend line and now it tries to retest the 0.9278 level as well.

USD/CHF Trading Conclusion!

After escaping from the symmetrical triangle, breaking above the black downtrend line and through the 0.9278, the USD/CHF pair is somehow expected to resume its growth. In my opinion, staying above the downtrend line and jumping above 0.9303 today's high could confirm an upside continuation and could bring new buying opportunities.