• USDCHF reversed from key support level 0.9200
• Likely to rise to resistance level 0.9300
USDCHF recently reversed up from the key support level 0.9200, intersecting with the lower daily Bollinger Band.
The support area near the support level 0.9200 was further strengthened by the support trendline of the weekly up channel from June and the 50% Fibonacci retracement of the upward impulse from last year.
USDCHF can be expected to rise further toward the next resistance level 0.9300 (low of the previous wave (a)).
Source: Fxpro
