USDCHF has not broken outside the bullish channel marked on our charts and is trading between 1.0450 and 1.05 after establishing these levels as short term support and resistance. Overall the pair still looks bullish although the momentum has diminished, closing the day above 1.05 will bring longs back to the table and increase the upside pressure. 1.0550 is the next bullish target and June's high, if the pair gets there it'll send a strng signal that the USD might make a bigger recovery.
Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of
leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider
your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some
or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of
all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
