USDCHF’s upward movement extends to 0.9338

USDCHF’s upward movement extends to as high as 0.9338. Key support is at the upwards trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9400 area. On the downside, a clear break below the trend line support will suggest that a cycle top has been formed, and the uptrend from 0.9021 has completed, then the following downward movement could bring price back to 0.8950 zone.

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