The Greenback has started to gain strength against the Swiss Franc after the pair hit the lower boundary of a dominant channel. However, the surge was stopped by the weekly resistance at 0.9472.
Given that the currency pair has breached a resistance cluster set by the weekly and the monthly PPs with the combination of the 55– and 100-hour SMAs near 0.9387, the rate is likely to continue moving north for a test of the upper border of the dominant channel.
As for the nearest future, the USD/CHF pair could continue trading along the junior pattern during the following trading sessions.
