novvoll12

USDCHF-bullish- Posts new 4-month highs within a rising channel

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF surged to a new 4-month high at 0.9821 Wednesday (August 5, 2015), tracing out a 6-week bull channel, and looking to retest the 0.9862 high (April 13, 2015) near 76.4% of the 1.0126/0.9071 fall. Further gains above would open 0.9982 (March 19, 2015 high). 0.9667/0.9648 should provide immediate support. Below there would expose the 0.9547 key support.

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