The Swiss franc currency has recovered strongly from the 0.9190 support area against the US dollar and look likely to break towards a new high. The daily time frame shows that the next major upside target for the USDCHF pair is found around the 0.9300 level. The EURUSD pair shares an inverse correlation with the USDCHF, so further EURUSD weakness under the 1.1800 level is also very bullish for the USDCHF pair.
The USDCHF pair is only bullish while trading above the 0.9220 level, key resistance is found at the 0.9275 and 0.9300 levels.
The USDCHF pair is only bearish while trading below the 0.9220 level, key support is found at the 0.9190 and 0.9100 levels.
