FX.co ★ USD/CHF: uptrend unharmed, more gains ahead

USD/CHF Attracts More Buyers!

The USD/CHF pair moves somehow sideways above the uptrend line signaling that it tries to consolidate the latest gains and attract more buyers before resuming its upwards movement. As long as it stays above the uptrend line, the price could jump towards fresh new highs.

It is trapped between 0.9683 and 0.9757 levels. escaping from this range could bring great trading opportunities.

USD/CHF Trading Conclusion!

0.9757 yesterday's high is seen as an upside obstacle, as a resistance level. Staying above the uptrend line and jumping above this level may signal further growth.

Only dropping below the uptrend line and under the 0.9683 could activate more declines and could invalidate the upside scenario.