USD/CHF
This pair has been able to maintain its recent bullish bias. Price has gained over 120 pips since last week, and there is much room for it to go further upwards, owing to an expectation of stamina in USD. The resistance lines at 0.9700, 0.9750, and 0.9800 may be reached later this week.
The situation in the market is now directional (and in favor of bulls).There is a Bullish Confirmation Pattern in the 4-hour chart and the Williams' % Range period 20 is around the overbought territory.
The material has been provided by InstaForex Company - www.instaforex.com
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