FX.co ★ USDCHF, H4 | Bullish Momentum Expected?

The USD/CHF chart shows bullish momentum, with the price above a major ascending trend line, indicating potential for further upward movement. In the short term, there is a possibility of a drop towards the first support level at 0.8943, followed by a bounce towards the first resistance. The first support level at 0.8943 is an overlap support and aligns with a 38.20% Fibonacci retracement, providing a strong price floor. The second support level at 0.8871 acts as a reliable multi-swing low support. On the resistance side, the first resistance at 0.9950 is an overlap resistance, and the second resistance at 0.9070 is a pullback resistance, posing additional challenges for upward movement.