USD/CHF: false breakdown below 0.9756 downside obstacle

Important Update for RobotFX Visitors

We want to sincerely apologize for any confusion or inconvenience caused by our recent website restructuring.

The main RobotFX hub has officially moved to our new, streamlined address at robotfx.org (without the "www" prefix). While our main operations have shifted, we want to reassure you that this archives site, old.robotfx.org, will remain fully active. You can still access our complete library of past posts, historical trading analysis, and legacy articles right here.

However, for the latest updates, newer content, and a significantly faster, more optimized browsing experience, we highly recommend heading over to our primary home at https://robotfx.org.

Thank you so much for your continued support and patience as we improve our digital services.

USD/CHF Upside Continuation Possible!

As you can see on the H1 chart, the rate dropped and it has challenged the uptrend line which represents a downside obstacle. The rate dropped below this line but failed to stabilize below it signaling only a false breakdown.

You knew from my previous analysis that the rate could come back to test and retest the uptrend line. As long as it stays above this level, it could resume its growth.

USD/CHF Trading Conclusion!

Jumping above 0.9848 may signal further growth towards the 0.9966 higher high.

Dropping below the uptrend line and under 0.9743 today's low activates a downside movement.

Trading analysis offered by Flex EA.
Source