USDCHF: ⬆️ Buy
– USDCHF reversed from key support level 0.8200
– Likely to rise to resistance level 0.8300
USDCHF currency pair recently reversed up from the support zone between the key support level 0.8200 (former strong resistance from the end of July, which stopped the previous correction at the end of September), the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from the middle of August.
The upward reversal from this support zone completed the ABC correction (iv) from the start of October.
Given the strength of the support level 0.8200 and the clear daily uptrend, USDCHF currency pair can be expected to rise further toward the next resistance level 0.8300 – former support from the start of October.
, the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from the middle of August.){kind=link}