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27.10.2023 07:39 PM
The currency pair is trading at 0.9028 at the time of writing. You knew from my previous analysis that passing above 0.8997 activates further growth. As long as USD/CHF stays above the uptrend line, the rate could approach and reach new highs.
Technically, the former high of 0.9033 represents a key upside obstacle. It remains to see how it reacts around it.
Jumping and stabilizing above 0.9033 activates further growth. This could be seen as a buying opportunity as the rate could approach and reach new highs.
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