USD/CHF Upside Prevails!
The USD/CHF pair dropped a little in the short term after reaching 0.9421 level. Now, it's located at 0.9384 at the time of writing. As you can see on the H1 chart, the rate failed to stay above the 0.9402 former high (historical level) which represents an upside obstacle signaling exhausted buyers.
As long as it stays below this upside obstacle, the USD/CHF pair could come back to test and retest the 0.9332 previous high which represents a downside obstacle and the uptrend line. Technically, as long as it stays above the uptrend line, the rate could approach and reach new highs.
USD/CHF Trading Conclusion!
Moving sideways above 0.9332 could announce a new upwards movement. Jumping and stabilizing above 0.9402 announces a potential growth towards the channel's upside line.
