FX.co ★ USD/CHF: uptrend intact

USD/CHF Temporary Drop?

The USD/CHF pair dropped a little in the short term and now is trading around the uptrend line which represents a downside obstacle. Further growth is possible as long as the pair stays above this line.

From the technical point of view, 0.9973 today's high represents an upside obstacle. On the other hand, the 0.9920 previous low stands as a downside obstacle.

USD/CHF Trading Conclusion!

Staying above the uptrend line and passive beyond 0.9973 signals a potential upwards movement.

Stabilizing below the uptrend line and dropping below 0.9920 activates a larger downside movement.