USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.0069, 1.0161, 1.0232
Key Support Levels: 0.9905, 0.9835, 0.9755
The price on the higher time frame has been in a strong uptrend for the last few weeks and showing very good momentum. Recently the price did a small pullback but found support at the 0.9878 level and bounced back. We expect a further continuation of the trend.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price recently broke a resistance level of 0.9905 and has sustained above that. The pair did a retest and after a little bit of noise during the important data release yesterday, it is continuing the momentum again.
Buy Stop Order @ 0.9980
TP 1 @ 1.0067
TP 2 @ 1.0154
Stop Loss @ 0.9893
Trade Safely 🙂