USDCHF recently reversed up from the support zone lying between the support level 0.94100 (which formed the previous daily Morning Star) and the lower daily Bollinger band. The upward reversal from this support zone created the second consecutive candlesticks reversal pattern near the support level 0.94100 – Bullish Engulfing. Given the moderately bearish Swiss franc sentiment seen across the markets today – USDCHF is likely to extend the gains toward the next resistance level 0.95500 (top of the previous short-term correction from the start of June).