Market Snapshots

USDCHF Wave Analysis – 10 January, 2020

USDCHF Wave Analysis – 10 January, 2020
  • USDCHF rising inside impulse wave (c)
  • Likely to rise to 0.9775

USDCHF has been rising in the last few trading sessions inside the short-term impulse wave (c) – which started recently from the support area lying between the strong support level 0.9665 (which stopped the sharp downtrend in August) and the lower daily Bollinger Band.

The active impulse wave (c) belongs to the ABC correction (ii) – which also started previously from the aforementioned support area.

USDCHF is likely to rise further toward the next resistance level 0.9775 (former support from December and the target for the completion of the active impulse i).

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