USD/CHF
This pair went upwards on Monday. It has gained over 400 pips in the last three weeks; and this is just the beginning because the northward journey would continue as a result of the stamina in USD. The next targets are the resistance level at 0.9950 and, ultimately, the resistance level at 1.0000, which is the major resistance level (a psychological level).
There is the Bullish Confirmation Pattern on the chart, which means further bullish movement in favor of buyers. Short trades are not currently recommended, owing to the stamina in USD, which is visible in the markets.
The material has been provided by InstaForex Company - www.instaforex.com
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