FX.co ★ USDCHF , H4 | Bullish continuation expected?

The USD/CHF pair is displaying strong bullish momentum, as evidenced by its position above the bullish Ichimoku cloud and an important ascending trendline. This suggests a likelihood of further bullish action. The first support lies at 0.9029, an overlap support that may attract buyers and inhibit further declines. If this level is breached, a second support at 0.9005 can serve as a solid purchase zone, protecting against further price drops. On the upside, the first resistance at 0.9062, a multi-swing high resistance, could allow further ascension if overcome. The second resistance at 0.9097, an overlap resistance, could be significant, as it has previously been attractive enough for sellers to cause a price reversal.