USD/CHF, H4

On the four-hour chart, the price is leaving a long-term accumulation zone upwards, and also at the support level of 0.9091, it is necessary to note the construction of the Hammer, Inverted Hammer, and the Three Advancing White Soldiers patterns, which demonstrate a steady overcoming of the upper border of the consolidation zone in the area of 0.9151. In the current situation, a more likely scenario is the movement of quotes to the resistance level of 0.9260, overcoming which will allow the "bulls" to reach the area of 0.9416–0.9601. If buyers are unable to maintain positions above 0.9091, negative dynamics of the trading instrument are likely to develop with targets in the area of 0.8911–0.8750.

USD/CHF, D1

On the daily chart, at the key support level of 0.9091, Bullish Engulfing and Hammer patterns have formed, which act as new drivers for the "bulls" in order to develop further growth within the framework of upward dynamics. Most likely, the price will continue to move towards the resistance level of 0.9060, consolidation above which will act as a driver for movement to the area of 0.9416–0.9601.

Support and resistance

Support levels: 0.9091, 0.8911, 0.8750.

Resistance levels: 0.9260, 0.9416, 0.9601.

Trading tips

Long positions can be opened above 0.9260 with targets at 0.9416, 0.9601. Stop-loss — 0.9200. Implementation time: 9-12 days.

Short positions can be opened below the level of 0.9091 with targets at 0.8911, 0.8750. Stop-loss — 0.9151.