=> => If the price corrects down to 0.9290 then 0.9250, this will be an opportunity for the bulls
USD/CHF hits seven-week highs near 0.9350. While clearly above support at 0.9250, the USD/CHF could continue to look for more gains in the short-term. At support line, near 0.9250, to challenge short-term USD/CHF sellers. However, an ascending support line from November 09 and a firmer Momentum line favor USD/CHF buyers to aim for the 0.9340 immediate resistance.
On the upside, the immediate resistance is located at 0.9350 and the previous month’s top of 0.9368 can act as an intermediate halt before directing the quote towards the yearly high, marked in April around 0.9475.
USD/CHF hits seven-week highs near 0.9350. While clearly above support at 0.9250, the USD/CHF could continue to look for more gains in the short-term. At support line, near 0.9250, to challenge short-term USD/CHF sellers. However, an ascending support line from November 09 and a firmer Momentum line favor USD/CHF buyers to aim for the 0.9340 immediate resistance.
On the upside, the immediate resistance is located at 0.9350 and the previous month’s top of 0.9368 can act as an intermediate halt before directing the quote towards the yearly high, marked in April around 0.9475.