USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9330, 0.9359, 0.9398

Key Support Levels: 0.9289, 0.9279, 0.9270

1-Hour Chart:

The price on the higher time frame has been in an uptrend recently after it tested the support level of 0.9213 and bounced back. The pair has broken a resistance level of 0.9259 and continued the momentum which shows bullish bias.

USD/CHF Medium-Term Trend: Bullish

5-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke upper level of a  small consolidation zone at 0.9279 and sustained above that. As of now the pair has broken and retested a minor level of 0.9289 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 0.9305

TP @ 0.9341

Stop Loss @ 0.9287

Trade Safely 🙂