USDCHF breaks above 0.9600 resistance

USDCHF breaks above 0.9600 resistance, and reaches as high as 0.9628, suggesting that the downtrend from 0.9769 has completed at 0.9421 already. The pair is now in uptrend from 0.9421, further rise could be expected, and next target would be at 0.9700 area. Support is at 0.9540, only break below this level will indicate that consolidation of the uptrend is underway, then pullback to 0.9500 level could be seen.

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