USD/CHF Analysis and News
USDCHF continues to trade higher with the price action taking out the recent top at the 0.9750 level.
USDCHF did experience a minor pull back into the 0.9800 support area.
However it would appear that the price action has stabilized and has once again resumed its upward momentum with a target being at least Fridays high at the 0.9835 /0.9850 area.
Alternatively USDCHF fails to hold above this mornings low could see a move down to the 0.9750 level.
From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9600 level.