Market Snapshots

USDCHF Wave Analysis – 27 August, 2020

USDCHF Wave Analysis – 27 August, 2020

• USDCHF reversed from support level 0.9045

• Likely to rise to 0.9160

USDCHF recently reversed up from the key support level 0.9045 (which has been reversing the price from start of August).

The support zone near the support level 0.9045 was strengthened by the lower daily Bollinger Band and by the support trendline of the weekly down channel from 2019.

USDCHF is likely to rise further toward the next resistance level 0,9160 (top of the previous minor corrective wave 4).

Article Rating