FX.co ★ Short-term analysis on USDCHF.

USDCHF is trading above the key resistance of 0.9475, still making higher highs and higher lows. Price continues to trade inside the upward sloping channel since the end of March.

Short-term trend remains bullish. Channel support is at 0.9435. So far bulls seem to be in control of the trend. There is no sign of a reversal any time soon. The RSI is turning lower from overbought levels but there was no bearish divergence. Higher highs are expected to be seen soon.