On , further upswings seem to be most likely upon break-out above resistance of 0.9953.
More upswings likely to extend up to neckline at 0.9823 on sustenance above this resistance as 7DMA crosses over 21DMA while current price spikes above DMAs.
Leading oscillators ( and ) on daily terms indicate gaining strength in buying interests as they have been converging with the rising prices. evidences the convergence to the prevailing upswings.
Whereas the curves are popping up with the same views to the as it evidences %K crossover to signal intensified buying momentum. While hints at prolonged upswings on the same timeframe ( EOD basis).
On a broader perspective, bulls attempting to hit 6-months highs at 0.9956, but the major trend has been puzzling.
More evidently, you could precisely observe price turbulence from last 2 years (see the rectangular area on monthly plotting).
The Swiss National Bank today has maintained its benchmark interest rate unchanged at record-low levels of -0.75%. The Swiss also added that it would remain lively in the foreign exchange market, as necessary.
Hence, the overall major trend still seems to be puzzling despite the momentary gains are foreseen upon break out above mentioned .
On intraday speculative perspectives, it is good to buy one touch binary calls at every dip that brings in leveraging effect in bull swings, using these instruments with upper strikes for minimum targets of 30-35 pips one can achieve exponential returns rather than spot FX.
The payoff of touch option has been conditional, if USDCHF , in this case, would touch the OTM strike price within any time period by the time of expiration, if the investor predicts correctly and the asset touches the strike price the option expires "in the money". This is likely to generate an exponentially high return of between 80-90% to the binary option investor.