USDCHF today broke the resistance area lying between the parity (which has been steadily reversing the price from the end of November) and the 61.8% Fibonacci correction of the previous sharp downward ABC correction 2).
The breakout of this resistance area should accelerate the active short-term impulse wave 3 of the medium-term upward impulse sequence (C) from last September.
USDCHF is expected to rise further and re-test the next resistance level 1.01250 (top of the previous impulse wave 3 from November).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
