The primary trend of USD/CHF is bullish on charts and price is sustaining at channel support in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.
Resistance at the level of 1.0220 and support at the level of 1.0105.
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: USD/CHF is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.
Resistance at the level of 1.0220 and support at the level of 1.0105.
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: USD/CHF is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.