USD/CHF is rallying in an ascending channel on the daily chart.
USD/CHF is trending higher within a rising channel. The trend is expected to continue to the next set of targets. A break below the lower channel line would be required to signal a reversal. It is in a short and medium-term uptrend which is expected to continue higher given the old adage that the “trend is your friend.” USD/CHF Daily Chart USD/CHF has been consolidating over the past few days in the lower 0.
The next target to the upside comes in at around 0.9173 where some major moving averages converge on higher time-frame charts. Following that, the next upside target would be located at 0.9240 the level of previous major swing highs made in October 2023. The Relative Strength Index is not overbought any longer, suggesting scope for further upside. A decisive break below the lower boundary of the channel, currently at roughly 0.
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