• USDCHF reversed from support level 0.9600
• Likely to rise to 0.9800
USDCHF recently reversed up from the key support level 0.9600 (low of the sideways price range from April), intersecting with the lower daily Bollinger band.
The upward reversal from the support level 0.9600 stopped the earlier short-term impulse wave (iii) – which belongs to the impulse wave 3 from the end of April.
Given the oversold reading on the daily Stochastic indicator – USDCHF is likely to rise further toward the next resistance level 0.9800 (upper boundary of this sideways price range).
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies