USDCHF 2H long

Even with the Fed cutting interest rates this month, the dollar continues to rally, reaching positive levels. From a technical perspective, the USD/CHF is moving in an upward trend within a rising channel. Currently, the price has broken through the resistance level of 0.8912 and is now retesting this level after the market opened with a price gap. The price is still trading above the EMAs (200/50), indicating strong bullish momentum in the market. It’s expected that the price will continue climbing toward the 0.9050 level.