USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9875, 0.9929, 0.9996
Key Support Levels: 0.9758, 0.9723, 0.9668
The price on the higher time frame has been in an uptrend since few weeks after it broke a major resistance level of 0.9359 with good momentum. The price has retraced twice to the 0.9537 level and bounced back both times which indicates a bullish bias.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The broke a resistance level of 0.9723 and sustained above that. The pair has maintained a trendline which indicates bullish trend and also broken and retested the 0.9758 level.
Buy Stop Order @ 0.9805
TP 1 @ 0.9867
TP 2 @ 0.9991
Stop Loss @ 0.9743
Trade Safely 🙂