The USD/CHF pair registered a strong upwards movement in the short term and now is trading at 0.9102 at the time of writing. You knew from my previous analyses that the currency pair should resume its growth as long as it stays above the uptrend line.
Technically, the historical level of 0.9115 represents an upside obstacle and target. It remains to see how it reacts around this level.
USD/CHF Trading Conclusion!
Jumping and stabilizing above 0.9115 could activate an upside continuation and is seen as a new buying opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF Natural Retreat!
The USD/CHF pair registered a strong upwards movement in the short term and now is trading at 0.9102 at the time of writing. You knew from my previous analyses that the currency pair should resume its growth as long as it stays above the uptrend line.
Technically, the historical level of 0.9115 represents an upside obstacle and target. It remains to see how it reacts around this level.
USD/CHF Trading Conclusion!
Jumping and stabilizing above 0.9115 could activate an upside continuation and is seen as a new buying opportunity.
The material has been provided by InstaForex Company – www.instaforex.com
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