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USD/CHF Price Movement For May 15, 2020

analytics5ebe0469b41a9.jpg

On the 4-hour chart, we see the upward bias of the Pitchfork. Besides, we also see that the CCI (30) now is above the 0 level. From this technical view, we understand that USD/CHF is now moving with the bullish bias, trying to reach 0.9754 as the first target and 0.9783 as the second target. The bullish bias will go on as long as the pair does not retrace downwards below 0.9722.

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