USDCHF: Continuation After a FLAT

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USDCHF has concluded a FLAT structure and is rising in an impulsive manner in a parallel channel. The impulsive nature of the rise from the zone of 0.9500 suggests that the pair is likely to continue the uptrend towards the level of 1.0100 in the coming weeks. One should look for bullish opportunities for trading purpose.

TRADING STRATEGY:

Go long on dips near the levels of 0.96500 keeping SL of 0.9500 and look for the target of 1.00700.