USD/CHF continued to increase as expected. It’s traded above the uptrend line, so the outlook remains bullish. Jumping above 0.9375 former high signaled strong buyers and confirms more gains, a further growth towards new highs.

Technically, it could decline a little to test and retest the 0.9375 level before resuming its uptrend.

Trading Conclusion!

Buy USD/CHF if it jumps above 0.9410 level. 0.9450 and 0.95 levels could be used as upside targets.

The material has been provided by InstaForex Company –

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