The USD/CHF pair has been trending upwards since the 11th of February 2016, with the buyers leading the price from as low as 0.9661 to as high as 0.9895.
In the event that the bulls manage to overweigh sellers in trading volume and push the price above 0.9939, profit targets could be set at 1.0004 and 1.0085 respectively.
On the flip side, in the scenario where the sellers keep pressing the pair below 0.9805, the price could find support at 0.9749 and 0.9714 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.