The USD/CHF pair has been trending upwards since Thursday, the 17th of March 2016, with the bullish pressures being noticed from as low as 0.9650 to as high as 0.9762.
With the opening of the trading session, the pair price advance from 0.9725 up to 0.9761, but as of writing the price is trading at 0.9757.
In the event that the buyers keep trading higher and manage to push the price above 0.9819, profit targets could be set at 0.9871 and 0.9923 respectively.
On the flip side, in the scenario where the sellers force the pair lower, breaking below 0.9735, the price could find support at 0.9706 and 0.9693 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.