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Daily analysis of USD/CHF for April 30, 2018

Posted On 30 Apr 2018
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USD/CHF

USD/CHF went upwards last week (gaining 150 pips). The pair has gained over 300 pips in the last two weeks and this is just the beginning because the northward journey would continue as a result of the stamina in USD. The resistance level at 0.9900 has been tested and it would be tested again, and get breached to the upside.

There is the Bullish Confirmation Pattern on the chart, which portends further bullish movement in favor of buyers. That is when the price would target additional resistance levels at 0.9950, and ultimately 1.0000.

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

Source:: Daily analysis of USD/CHF for April 30, 2018

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