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The USD/CHF pair extended its growth and now it has managed to jump above the 0.9724 former high which represented an upside obstacle. The price is located far above the uptrend line which stands as a downside obstacle. As long as it stays above this line, the USD/CHF pair could approach and reach new highs.
Its failure to come back to test and retest the uptrend line signaled strong buyers and potential upside continuation.
The current breakout above the 0.9724 former high could activate further growth. You can see that the rate has tried to test the broken upside obstacle confirming the breakout. Jumping above 0.9742 today's high could confirm an upside continuation.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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