The USD/CHF pair jumped higher after ending the short-term retreat. It’s trading at 0.9055 at the time of writing and it seems determined to approach and reach new highs. The uptrend line represents a downside obstacle, so as long as it stays above it, the currency pair should resume its growth.
Technically, the former high of 0.9058 represents an upside obstacle. It remains to see how it reacts around this level.
USD/CHF Trading Conclusion!
Jumping and stabilizing above 0.9058 activates further growth and is seen as a new buying opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF Strong Buyers!
The USD/CHF pair jumped higher after ending the short-term retreat. It’s trading at 0.9055 at the time of writing and it seems determined to approach and reach new highs. The uptrend line represents a downside obstacle, so as long as it stays above it, the currency pair should resume its growth.
Technically, the former high of 0.9058 represents an upside obstacle. It remains to see how it reacts around this level.
USD/CHF Trading Conclusion!
Jumping and stabilizing above 0.9058 activates further growth and is seen as a new buying opportunity.
The material has been provided by InstaForex Company – www.instaforex.com