USDCHF Wave Analysis – Action Forex

f chf34


USDCHF reversed from support zone
Likely to rise to resistance level 0.9200

USDCHF currency pair recently reversed up from the support zone lying between the round support level 0.9000 (which has been reversing the price from March), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from March.

The upward reversal from the support level 0.9000 stopped the previous short-term correction ii.

Given the clear daily uptrend and the bullish US dollar sentiment seen across the currency markets today, USDCHF can be expected to rise further to the next resistance level 0.9200 (which stopped the previous impulse wave i).

Previous articleEURUSD at Equilibrium, Where Will It Go Next?
Next articleS&P 500 Wave Analysis

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.



This article was originally published by a www.actionforex.com

Read it HERE

Share

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *