The USD/CHF pair has been trending upwards since Friday, the 4th of March 2016, with the buyers leading the price from as low as 0.9878 up to 1.0037.
Today, the currency pair dropped from 1.0037 down to 0.9954. In the event that the bulls manage to overweigh once again the sellers in trading volume and push the price above 0.9977, profit targets could be set at 1.0037.
On the flip side, in the scenario where the sellers keep pressing the pair price below 0.9939, the price could find support at 0.9915 and 0.9878 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.