USDCHF – 24.10.2016

After reaching 0.9940, the USD/CHF pair has broken the upside border of the daily consolidation range and is still moving upwards. We think, today the price may consolidate around 0.9940. If later the market breaks this range upwards, it may continue growing inside the uptrend with the target at 1.0300; if downwards – start another correction to reach 0.9800.