On the USDCHF daily chart, we can see that the pair is reacting from a familiar support 0.9900-0.9950 zone. This bounce could lead to an extension into the 1.0180 level. Invalidation of the upside extension will come only in the case of a daily close below the 0.9940 level.
Note: look for the long trades with the stop loss below the 0.9980Â levelÂ
