At the moment, the bullish sentiment prevails on USD/CHF. The current technical pattern indicates further growth of the USD/CHF quotes. Near the "mirror" support 0.97400 a number of classic patterns of Price Action, Inside Bar and Pin Bar, (H1 timeframe) were formed. The nearest resistance is at the level of 0.97600. We recommend you to pay attention to this situation.
If the price fixes above the level of 0.97600, you need to look for entry points to the market to open long positions. The immediate goal for profit taking is a round level of 0.98000. In the medium term, the USD/CHF currency pair may reach the level of 0.98500. When tracking the position, we recommend using a trailing stop.
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.Open Account