USDCHF Wave Analysis

  • USDCHF broke resistance level 0.9150
  • Likely to rise to resistance level 0.9300

USDCHF currency pair recently broke above the strong resistance level 0.9150 (former multi-month high from May) standing near the 61.8% Fibonacci correction of the previous upward impulse from March.

The breakout of the resistance level 0.9150 was accelerated the active impulse wave 3 of the intermediate impulse wave (C) from the end of August.

USDCHF currency pair can be expected to rise further toward the next resistance level 0.9300 (former top of wave 2 from the middle of March).

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