USDCHF remain bullish for a further rise
Buy above 0.9578. Stop loss at 0.9525. Take profit at 0.9675.
Reason for the trading strategy (technically):
Price continues to slowly climb towards our profit target in our bullish channel. We remain bullish looking to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees an ascending support line holding up our bullish price momentum really well.
Reason for the trading strategy (technically):
Price continues to slowly climb towards our profit target in our bullish channel. We remain bullish looking to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees an ascending support line holding up our bullish price momentum really well.
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