Currency analyst

USD/CHF: bullish targets

On the daily chart USD/CHF is trading within an uptrend channel. The break of resistance at 0.9896 will lead to the resumption of the bullish move towards 127.2% пof the "Shark" pattern (1.0068, market by blue color). On the other hand, successful test of the lower border will strengthen the risks of decline to 0.9780. The first scenario will make the pair move towards 127.2% of the "Ideal butterfly" pattern (1.0275).


On H1 USD/CHF keeps consolidating in 0.9845-0.9895 range. The break of resistance will activate AB=CD pattern. Its 161.8% target is near 0.9945.

Recommendation: BUY 0,9895 SL 0,9845 TP1 0,9945 TP2 1,0068.


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