How long will the rally continue?

The short-term trend of the USDCHF pair is up, but the strength of buyers has decreased. The continuation of the bullish rally could raise the exchange rate of the US dollar to the Swiss franc to the estimate of 261.8% Fibonacci at 1,0005.

From the sellers’ point of view, a definite break of support at 0.9708 is necessary to form a short-term peak. Otherwise the USDCHF trend will remain bullish.

* Technical H4 analysis of USDCHF

* Technical daily analysis of USDCHF