USDCHF Forecast 21-25 Jan'19 (Approaching Target 1.00416)

USDCHF pair, USD has made smart recovery after it fell to low 0.97165 and made big attempt in week to gain lost position, USD also made smart upside breakout breaking downward channel. The pair also made smart breakout breaking 200MA and 50MA. USD in the current week can approach target of of 1.00416 which is strong resistance. Other technical indicators RSI and MACD also showing bullish sign on daily chart. Trader may open long position in USDCHF pair with target of 100416 with SL 0.99380.