USD/CHF Uptrend Intact!
The USD/CHF pair has dropped by the time of writing as the US economy reported poor data today. The price increased as much as 0.9802 where it has found strong supply and now it has turned to the downside. The 0.9800 psychological level represented an upside obstacle.
After its strong growth, a temporary drop was natural and expected. The 0.9692 former high and the uptrend line represent downside obstacles. As long as it stays above these levels, the USD/CHF pair could resume its growth.
USD/CHF Trading Conclusion!
The USD/CHF pair could extend its uptrend as long as it stays above the uptrend line. Coming back to test and retest the downside obstacles could bring a new upwards movement and could help the buyers to buy it from the lows.
