$USDCHF Long Double Bottom

After weeks of consolidation price action finally broke upwards after 2nd double bottom completion & getting ready to retest it's long term ascending trend line signalling a trend change back above the 49EMA level. Should price action retest the $0.9774 level & hold in this zone, I can see price action pushing higher, retesting the next resistance barrier set in April 2016 at $0.9792. If it continues climbing from here, a likely cause for this trend change would be a recovering USD bond market coupled with a falling stock markets in North America. Another indicator would be to look out for weakening EURUSD in the coming weeks, should this happen, then a price action retest of the long term trend line is in the works.