The USDCHF is traded for more than a week in a short term range in between 1.0222 and 1.0077, it was trading near a long term support level, but earlier this morning the USDCHF broke through the ST resistance level triggering a bullish market condition:

Only long opportunities are in play. The next LT resistance level in the USDCHF is at 1.0497

Trade Safe!

Raul Lopez
Forex Training