FX.co ★ USD/CHF: new uptrend, imminent upside continuation

USD/CHF Attracts More Buyers!

The USD/CHF pair moves somehow sideways in the short term, between 0.9363 former high which stands as an upside obstacle, and the uptrend line. After passing above the downtrend line, the price was somehow expected to grow.

Still, in the short term, the pair came back to retest the broken downtrend line and the uptrend line. As long as it stays above the uptrend line, USD/CHF could approach and reach new highs.

USD/CHF Trading Conclusion!

Staying above the uptrend line and jumping and stabilizing above the 0.9363 could confirm further growth and could bring new buying opportunities.