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20.01.202113:06 Forex Analysis & Reviews: USD/CHF Attractive For Buyers!

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USD/CHF moves sideways trying to accumulate more upside energy, to attract more buyers, after passing beyond the downtrend line. If you remember from my previous analyses of this pair, USD/CHF should resume its upwards movement, growth, if it jumps above 0.8918 former high, static resistance.

The pair failed to retest the broken downtrend line and now is moving away from it signaling a potential upside momentum. Passing above 0.8920 level could validate a broader upside movement.

Trading Conclusion!

Buy USD/CHF if the price jumps above 0.8925 level and use 0.9000 as the first upside target.

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