USDCHF: Upward Momentum

USDCHF, H4

USDCHF breaks above the descending channel and 0.9060 resistance.

  • Currently the price faces the 50-MA, while the Momentum crosses the 100-line up, giving a power for the further growth.
  • Consider a long trade if the price breaks above the 50-MA with the target at 0.9120.