The currency pair is trading at 0.9028 at the time of writing. You knew from my previous analysis that passing above 0.8997 activates further growth. As long as USD/CHF stays above the uptrend line, the rate could approach and reach new highs.
Technically, the former high of 0.9033 represents a key upside obstacle. It remains to see how it reacts around it.
USD/CHF Trading Conclusion!
Jumping and stabilizing above 0.9033 activates further growth. This could be seen as a buying opportunity as the rate could approach and reach new highs.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF Uptrend Intact!
The currency pair is trading at 0.9028 at the time of writing. You knew from my previous analysis that passing above 0.8997 activates further growth. As long as USD/CHF stays above the uptrend line, the rate could approach and reach new highs.
Technically, the former high of 0.9033 represents a key upside obstacle. It remains to see how it reacts around it.
USD/CHF Trading Conclusion!
Jumping and stabilizing above 0.9033 activates further growth. This could be seen as a buying opportunity as the rate could approach and reach new highs.
The material has been provided by InstaForex Company – www.instaforex.com
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