FX.co ★ USDCHF reaches target 0.9660.

USDHCF reached our next target of 0.9660. With Dollar dominating most major pairs, USDCHF could not be the exception. Price had broken above major weekly resistance levels at 0.9475 and continues to climb higher.

Green line- support trend line

USDHCF is in a bullish trend undoubtedly. Buying now USDCHF is as risky as shorting it. Price has already made a tremendous run higher but betting against it is also very dangerous as there is no sign of a reversal. Next upside target is at 0.99 where we find the 78.6% Fibonacci retracement of the decline from 1.0236 to the 0.8792 low.