The US Dollar versus the Swiss Franc has been moving in an ascending channel since mid-September. The currency pair bounced off its lower boundary at 0.9550 on September 21 and followed by an upside wave.
The exchange rate breached the weekly resistance level at 1.0033 during yesterday’s trading session.
Technical indicators flash bullish signals on the 4(H) chart. Therefore, it is likely that the currency exchange rate continues its upwards momentum within this session.
However, the pair could reverse from the current price level and aim for the lower boundary of the channel pattern at 0.9972 during the following trading sessions.
