Yesterday, the USD/CHF traded in different directions in the range of 0.8900-0.8935 and closed the day without significant changes. Today the pair has grown slightly, rising to 0.8925. On the hourly chart, USD/CHF is still trading above the moving average line MA (200) H1 (0.8890). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above the MA 200 H1, may be you need to look for entry points to buy when a correction is formed.
Probably, the main scenario is continued growth to 0.8940 (Sep 7 high).
The alternative scenario is a final consolidation below the level of MA 200 H1, followed by a fall to 0.8795 (Sep 1 low).
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