USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9357, 0.9409, 0.9466
Key Support Levels: 0.9253, 0.9198, 0.9163
The price on the higher time frame was trading in a trading range between 0.9259 and 0.9157 and it has now broken the range to the upside after showing sharp rejection from the lower range. With USD showing strength, this pair is likely to continue a bullish move.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the price is moving in the major trend’s direction. The price was trading in a consolidation zone after showing a bullish move and now the range has been broken to the upside. A few rejection wicks are seen that also indicate a bullish sign.
Buy Market Order @ 0.9313
TP 1 @ 0.9345
TP 2 @ 0.9378
Stop Loss @ 0.9281
Trade Safely 🙂