USDCHF - Retest of breakout - Bullish above .9290

USDCHF – The pair broke out of the consolidating channel to the upside and posted the most positive daily performance this month. Although some selling pressure emerged above .9350, and has continued in overnight trading, this can be seen as a retest of the breakout channel. With our medium term bias now mildly bullish, we look for this upward pressure to continue. Our call is bullish above a stop of .9290


The profit targets are .9357, .9390 and towards .9421


The risk however would be with selling through a stop of .9290

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