FX.co ★ USD/CHF: upside continuation expected

USD/CHF Strong Buyers!

The USD/CHF pair registered strong growth in the short term. Now, it's traded at 0.9429 below 0.9433 high which represents an upside obstacle. The price jumped above this level but it has failed to stabilize above it signaling that the buyers are exhausted.

Still, the USD/CHF pair could climb towards new highs anytime as long as it stays above the up channel's upside line. Breaking above this dynamic obstacle signaled potential further growth.

USD/CHF Trading Conclusion!

Staying above the upside line and jumping above the 0.9442 today's high could signal an upside continuation. This scenario could bring new buying opportunities.

Staying below 0.9433 and dropping below the upside line may signal a new downside movement.