On the daily chart, USDCHF tested the supply zone around 0.91720-0.92460 levels and failed to break below 0.89970 level. This suggests that we still have a bullish momentum pushing price higher.
On the H1 chart, price tested the demand zone around 0.90490 and 0.90590 levels and managed to break above the previous high confirming the bullish momentum on USDCHF. Now we wait for price to retrace back down to 0.90900 level before buying.
