06.05.202218:58 Forex Analysis & Reviews: USD/CHF in range pattern

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USD/CHF Continuation or Reversal!

The USD/CHF pair moves somehow sideways in the short term. It's trapped between 0.9836 and 0.9887 levels. The outlook remains bullish, the price could resume its uptrend as long as it stays above 0.9836. Dropping below this level may signal that USD/CHF could develop a corrective phase.

You can see that the USD/CHF pair failed to stabilize below 0.9836 former high which represents a downside obstacle. 0.9887 former high represents an upside obstacle.

USD/CHF Trading Conclusion!

Dropping below 0.9836 could announce a downside movement and could bring new selling opportunities.

Staying above this level and jumping above 0.9887 could confirm an upside continuation.

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