USDCHF Wave Analysis

  • USDCHF reversed from long-term support level 0.9150
  • Likely to rise to resistance level 0.9300

USDCHF currency pair previously reversed up from the long-term support level 0.9150 (which has been reversing the price from February of 2022, as can be seen below).

The upward reversal from the support level 0.9150 started the active minor impulse wave c.

Given the strengthening USD bullish pressure, USDCHF can be expected to rise further toward the next resistance level 0.9300 (which stopped the earlier minor wave a).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
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.

Featured Analysis

Learn Forex Trading