USDCHF recently reversed up sharply from the support zone lying between the weekly support level 0.92000 (which stopped the sharp downtrend at the start of 2018) and the lower weekly Bollinger Band. The upward reversal from this support zone formed the weekly Japanese candlesticks reversal pattern Hammer standing well outside of the lower weekly Bollinger Band – strong buy signal. Given the strong US dollar bullish sentiment seen across the markets today – USDCHF is likely to extend the gains toward the next resistance level 0.94000 (intersecting with the lower trendline of the weekly down channel from last year).