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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9765, 0.9816, 0.9876

Key Support Levels: 0.9663, 0.9603, 0.9559

Daily Chart:

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

1-Hour Chart:

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.

Signal Idea:

Buy Stop Order @ 0.9710

TP 1 @ 0.9761

TP 2 @ 0.9812

Stop Loss @ 0.9659

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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