USD/CHF Strong Growth!

The USD/CHF pair extends its growth after jumping above the 0.9295 former high. You knew from my analyses that the currency pair could climb towards fresh new highs after escaping from the triangle pattern and if it jumps above the 0.9295 high.

As you can see, USD/CHF retested the broken downtrend line, the triangle's upside line confirming the breakout and potential upside continuation. The price ignored also the 0.9318 high which represented an upside obstacle.

USD/CHF Trading Conclusion!

The breakout above 0.9295 and through 0.9300 psychological level confirmed further growth and was seen as a good buying opportunity. The next upside target and obstacle is represented by the 0.9360 higher high. Ignoring this obstacle may announce further growth towards new highs.

A temporary retreat, decline, could help the buyers to catch a new upwards movement.