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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.

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USD/CHF profit target reached perfectly, remain bullish for a further rise

Price has shot up and reached our profit target perfectly. We remain bullish looking to buy on dips above 0.9676 support (Fibonacci retracement, horizontal pullback support) for a further push up to 0.9757 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).

RSI (34) has made a bullish exit of our triangle formation and remains in a bullish configuration.

Buy above 0.9676. Stop loss at 0.9640. Take profit at 0.9757.

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