USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9765, 0.9816, 0.9876
Key Support Levels: 0.9663, 0.9603, 0.9559
The price on the higher time frame has done a pullback recently after showing good bullish momentum. The pair found support at the 0.9374 level and bounced back from there. It has found another support at the 0.9557 level and continuing the trend after testing the area.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price consolidated for some time between a range of 0.9603 and 0.9663 and the upper range has been broken and retested before continuing the momentum.
Buy Stop Order @ 0.9710
TP 1 @ 0.9761
TP 2 @ 0.9812
Stop Loss @ 0.9659
Trade Safely 🙂