USD/CHF Forecast: bulls move higher

forex-news-usd_dollarOn the USD/CHF daily chart, prices continue their rally. A rollback towards 1.012 allowed opening long positions. Crab pattern is still relevant. There are intermediate targets near the 1.037, 1.049 и 1.077 marks.

Steadiness of the uptrend doesn’t raise doubts, so, the rollbacks or breakout of the previously formed maximums can lead to the opening of the new long positions, or to the extension of the previously opened ones.

On the USD/CHF hourly chart, the main support is located near the 1.0195 mark. The return of quotes to this support followed by the rebound from it will be a signal for the opening of the long positions.

Recommendations: hold longs formed from the 1,012 level, BUY 1,0195 SL 1,014 TP 1,037.

Origin: FX BAZOOKA

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