FX.co ★ USD/CHF aims at 0.9342

USD/CHF Strong Buyers!

The USD/CHF pair extended its growth and now is trading at 0.9322. The uptrend line represents a downside obstacle. Price's failure to reach and retest it in the last attempt signaled strong buyers and an upside continuation. The 0.9287 broken obstacle (former high) stands as a downside obstacle as well.

The next upside target is represented by the historical level of 0.9342. This stands as a static upside obstacle as well.

USD/CHF Trading Conclusion!

As long as it stays above the uptrend line, the currency pair could approach and reach new highs. Jumping and stabilizing above 0.9342 validates further growth.