The USDCHF has been trading within a bullish channel in the short term.
Further upside could be anticipated if the DXY continues to strengthen, this looks limited with the upper bound of the channel close by.
As the price trades within the channel, look for the possibility of consolidation along the middle level or retest of the lower bound of the channel before trading higher again.
Further upside could be anticipated if the DXY continues to strengthen, this looks limited with the upper bound of the channel close by.
As the price trades within the channel, look for the possibility of consolidation along the middle level or retest of the lower bound of the channel before trading higher again.
