Contributors Technical Analysis USD/CHF Upside Paused

USD/CHF Upside Paused

Price has rallied since Monday, but has found temporary resistance again and now could come back to retest the broken median line (ml) of the minor descending pitchfork. Technically is somehow expected to climb much higher after the failure to close right on the second warning line (WL2) of the major ascending pitchfork.

The next upside targets will be at the 250% Fibonacci line (ascending dotted line) and higher at the 0.9787 static resistance, Could be attracted also by the upper median line (uml) of the minor descending pitchfork.

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