Daily analysis of USD/CHF for April 24, 2018

USD/CHF

The USD/CHF went seriously upwards on Monday. The Bullish Confirmation Pattern in this market was brought about by the strength in Greenback. Since testing the support level at 0.9200 on February 16, the price has gained 550 pips (gaining 250 pips in this month alone), and it's now very close to the resistance level at 0.9800.

analytics5adeed1079574.png

The bias in the market is bullish, both in the long-term and in the near-term. Further upwards movement is anticipated, which would bring the price towards the resistance levels at 0.9800, 0.9850, and 0.9900.

The material has been provided by InstaForex Company - www.instaforex.com