Overview:

The USD/CHF pair broke resistance at the level of 0.9523, which acts as support now. So, the pair has already formed minor support at 0.9523. The strong support is seen at the level of 0.9487 because it represents the weekly support. In the H1 time frame, the RSI and the moving average (100) are still pointing to the upside. Therefore, the market indicates a bullish opportunity at the level of 0.9523. Buy above the minor support of 0.9523 with a target at 0.9568 (this price is coinciding with thedouble top). Moreover, if the pair succeeds to pass through 0.9568, it will move upwards continuing the bullish trend development to 0.9606 in order to test the daily resistance 1. However, if a breakout happens at 0.9487, this scenario may be invalidated. Thus, if the pair closes below the minor support (0.9487), the price will fall into the bearish market in order to go further towards the strong support at 0.9436.