Categories: Technical analysis

USDCHF Wave Analysis – 1 April, 2022

• USDCHF reversed from key support level 0.9200
• Likely to rise to resistance level 0.9300

USDCHF recently reversed up from the key support level 0.9200, intersecting with the lower daily Bollinger Band.

The support area near the support level 0.9200 was further strengthened by the support trendline of the weekly up channel from June and the 50% Fibonacci retracement of the upward impulse from last year.

USDCHF can be expected to rise further toward the next resistance level 0.9300 (low of the previous wave (a)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: USDCHF

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