USDCHF's upward movement extends to 0.9678

USDCHF's upward movement from 0.9421 extends to as high as 0.9678. Support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and further rise towards 0.9769 previous high is still possible. On the downside, a clear break below the trend line will indicate that a cycle top has been formed, and consolidation of the uptrend is underway, then pullback to 0.9500 area could be seen.