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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



USD/CHF More Gains Expected


USD/CHF dropped a little in the short term but this could be only a temporary decline. It could still increase as long as it stays above 0.9267 and 0.9238 levels, former highs. These levels represented upside obstacles. Jumping above these levels signals an upside continuation.

The up channel's upside line is seen as an upside target. The USD/CHF pair could resume its growth as long as it stays above the uptrend line. The current decline could help us to catch new upside movements.

Trading Conclusion!

The current decline could help us to buy USD/CHF from the former upside obstacles which have turned into downside obstacles. Only dropping below the uptrend line could invalidate further growth.

The upside line is seen as a major upside target. A sideways movement could bring new buying opportunities.

The material has been provided by InstaForex Company -