USDCHF currently stands at the upward sloping trend line suggesting support at lower levels, further it has ended in multiple doji formations near the trend line corroborating the above evidence. RSI is rising, supporting the above observation and indicating further upside potential. It is likely that USDCHF could rise towards 0.9170 and 0.9205 while it sustains below 0.9060.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.