USDCHF index Wave Analysis – 24 December, 2021

• USDCHF index reversed from key support level 0.9170

• Likely to rise to resistance level 0.9250

USDCHF currency pair recently reversed up from the key support level 0.9170 (lower boundary of the sideways price range from the end of November), standing close to the lower daily Bollinger Band.

The upward reversal from the support level 0.9170 started the active short-term-term impulse wave (iii).

USDCHF currency pair can be expected to rise further toward the next resistance level 0.9250 (upper border of the aforementioned sideways price range).