USDCHF Wave Analysis – 3 January, 2022

usdchf-wave-analysis-–-3-january,-2022

• USDCHF reversed from support level 0.9100

• Likely to rise to resistance level 0.9250

USDCHF currency pair recently reversed up from the support level 0.9100 (which has been repeatedly reversing the price from the middle of August).

The support zone near the support level 0.9100 was strengthened by the lower Bollinger Band and by the 61.8% Fibonacci correction of the upward price impulse from June.

USDCHF currency pair can be expected to rise further toward the next resistance level 0.9250 (which reversed the price multiple times in December).

Source: Fxpro

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