FX.co ★ USD/CHF: 0.9856 as key obstacle

USD/CHF Uptrend!

The USD/CHF pair was trading at the 0.9846 level at the time of writing. It stands right below the 0.9856 former high which represents an upside obstacle. As you already know from my previous analysis, the price could approach new highs as long as it stays above the uptrend line.

Failing to reach and retest the uptrend line signaled strong buyers. Still, it remains to see how it will react after reaching the 0.9856 key level.

USD/CHF Trading Conclusion!

Jumping and stabilizing above 0.9856 could confirm an upside continuation and could help the buyers to catch a larger growth.