USDCHF: Upside Opportunity

USDCHF, Daily

In the Daily timeframe, USDCHF has formed a bullish flag pattern. The price broke the upper boundary of the flag and crossed upwards of MA200 after the Swiss bank cut the key rate sharply. +DI crossed -DI on ADX and Parabolic SAR indicates the beginning of the upside.

• USDCHF buying can be considered on consolidation above 0.8870 with a target of 0.8950;