FX.co ★ USD/CHF analysis for May 30, 2022 - Potential for bigger rally towards upper references

Technical analysis:

USD/CHF has been trading downside in the background but there is the breakout of the downside channel in the background, which is sign that buyers are taking control.

Trading recommendation:

Due to the breakout of the well-defined downside channel, I see potential for the further rally.

Watch for buying opportunities on the intraday pullbacks with the upside objectives at 0.9640 and 0.9750.

Stochastic oscillator is showing fresh bull cross, which is another sign for the upside movement.

Key support is set at the price of 0.9543