USDCHF fell 140 pips after unsuccessful attempt of breaking out the resistance at 0.9810. This is already more than three weeks when the price hasn’t been able to break out this resistance. However, yesterday evening USDCHF returned to upward movement and subsequent candles at H4 time-frame have green color.
Currently the price has just reached resistance at 0.9705. If this level is broken, next target for the bulls will be located at 0.9750. This is the main scenario that USDCHF will reach there. If the last mentioned level will be also broken next targets are located at: 0.9810, 0.9880. Alternative scenario is to rebound from 0.9750 and then the nearest supports are located at: 0.9670, 0.9640, 0.9540.
