USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.93779, 0.94264, 0.95251.
Key Support Levels: 0.92336, 0.91925, 0.91900.
The price on the higher time frame found support around the 0.92336 CHF mark where the pair reversed and moved higher toward the key level. Long wicks to the downside has been seen showing that the buyers are coming back to the market and this could lead to further move to the upside.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair showed higher lows near the 61.80 % Fibonacci retracement level that coincide with a strong support. We could see the market rallying in the coming hours toward the 0.93744 CHF mark where we will execute a buy limit order near the daily support mark.
Buy Limit Order @ 0.92363
TP 1 @ 0.93744
TP 2 @ 0.94264
Stop Loss @ 0.91960
Trade Safely 🙂