USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9446, 0.9471, 0.9498

Key Support Levels: 0.9410, 0.9401, 0.9389

1-Hour Chart:

The price on the higher time frame has been in an uptrend for some time. It broke a level of 0.9290 with good momentum and has sustained above that. The pair has recently tested a support level of 0.9399 and bounced back 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 a resistance level of 0.9380 and sustained above that. Recently the pair has broken and retested a minor level of 0.9401 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.9421

TP @ 0.9465

Stop Loss @ 0.9399

Trade Safely 🙂