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Daily analysis of USD/CHF for April 23, 2018

Posted On 23 Apr 2018
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USD/CHF

This pair has been going upwards. The Bullish Confirmation Pattern in this market was partly brought about by the anticipated stamina in Greenback. Since testing the support level at 0.9200 on February 16, the price has gained 550 pips (gaining 220 pips in this month alone), closing around the resistance level at 0.9750 on Friday.

This is a bull market and it is good for long trades. The price should continue going further upwards as EUR/USD is pushed further southwards. The resistance levels at 0.9800 and 0.9850 are the targets for this week.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Daily analysis of USD/CHF for April 23, 2018

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