The US Dollar has surged by 199 pips or 2.21% against the Swiss Franc since last week’s trading sessions. The USD/CHF currency pair tested the resistance level at 0.9190 last week.
As for the near future, the exchange rate is likely to continue to edge higher. A breakout through the upper line of a descending channel pattern could occur during this week’s trading sessions.
On the other hand, bearish traders might pressure the currency exchange rate lower towards the weekly support level at 0.9007 during the following trading sessions.
