USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9665, 0.9717, 0.9774
Key Support Levels: 0.9581, 0.9543, 0.9501
The price on the higher time frame has shown good bullish move and recently it had a pullback. The pair found support at the 0.93661 level and it has bounced after testing that level. A resistance level of 0.9535 has been broken 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 price recently broke the trading range after consolidating in a range of 0.9501 and 0.9543 for some time. It has also broken and retested a minor level of 0.9581 before continuing the momentum.
Buy Stop Order @ 0.9608
TP 1 @ 0.9655
TP 2 @ 0.9752
Stop Loss @ 0.9561
Trade Safely 🙂