The Swiss franc currency continued to hold a bullish against the US dollar as the pair trades at levels not seen since mid-April this year. A bullish inverted head and shoulders pattern is warning that the upside in the USDCHF pair may not be done yet. According to the overall size of the pattern the USDCHF pair could be preparing to rally towards the 0.9340 resistance level.
The USDCHF pair is only bullish while trading above the 0.9180 level, key resistance is found at the 0.9290 and 0.9340 levels.
The USDCHF pair is only bearish while trading below the 0.9200 level, key support is found at the 0.9100 and 0.9050 levels.
