USD/CHF continues to rise in line with our previous forecast for this currency pair. The price recently rose above the resistance level 0.8950 (which earlier created the top of the A-wave of the currently active intermediate ABC correction from March).
The breakout of this resistance level coincided with the breakout of the upper resistance trendline of the daily up channel from the start of this ABC correction. USD/CHF is currently approaching the previous buy target 0.9000. If USD/CHF breaks above 0.9000 – it can rise to the next buy target at 0.9050.
USD/CHF continues to rise in line with our previous forecast for this currency pair. The price recently rose above the resistance level 0.8950 (which earlier created the top of the A-wave of the currently active intermediate ABC correction from March).
The breakout of this resistance level coincided with the breakout of the upper resistance trendline of the daily up channel from the start of this ABC correction. USD/CHF is currently approaching the previous buy target 0.9000. If USD/CHF breaks above 0.9000 – it can rise to the next buy target at 0.9050.
The post HY MARKETS News: Forex Report: USD/CHF appeared first on | HY Markets Official blog.
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