USD/CHF Up

The pair witnessed heavy buying last week when it reached support zone at the 0.95 level. Bulls saw an opportunity and went all in pushing price to almost 0.97 in less than three days.

USD/CHF is now trading at 0.9657 and seems to has no intentions of going down soon. A consolidation might be expected around current levels.

First bull target is a close above 0.97. If we get to this level then a rally to 1.03 becomes a possibility. First support is the level of 0.95. Below that it's an open area with a long-term target of 0.87.

Chart: USD/CHF D1