USD/CHF is testing key-resistance near 0.9174 and a break above here will open up for a continuation towards 1.0235 and possibly even higher towards 1.1000 longer term.
Short-term we could see resistance at 0.9295 cap the upside for a temporary correction to 0.9041 before renewed upside pressure towards 1.0235 and possibly higher.
R3: 0.9295
R2: 0.9258
R1: 0.9208
Pivot: 0.9174
S1: 0.9118
S2: 0.9075
S3: 0.9028
Trading recommendation:
Buy CHF near 0.9041 and place your stop at 0.8930
The material has been provided by InstaForex Company - www.instaforex.com