15.04.202218:34 Forex Analysis & Reviews: USD/CHF: upside continuation expected

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/CHF Strong Buyers!

The USD/CHF pair registered strong growth in the short term. Now, it's traded at 0.9429 below 0.9433 high which represents an upside obstacle. The price jumped above this level but it has failed to stabilize above it signaling that the buyers are exhausted.

Still, the USD/CHF pair could climb towards new highs anytime as long as it stays above the up channel's upside line. Breaking above this dynamic obstacle signaled potential further growth.

USD/CHF Trading Conclusion!

Staying above the upside line and jumping above the 0.9442 today's high could signal an upside continuation. This scenario could bring new buying opportunities.

Staying below 0.9433 and dropping below the upside line may signal a new downside movement.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.