Technical analysis
USDCHF Wave Analysis 1 March, 2021
March 01, 2021 @ 18:55 +03:00
![USDCHF Wave Analysis 1 March, 2021 USDCHF Wave Analysis 1 March, 2021](https://fxpro.news/wp-content/uploads/2020/12/swiss.jpg)
• USDCHF broke resistance area
• Likely to rise to 0.9200
USDCHF recently broke the resistance area located between the resistance level 0.9030 (top of the previous correction (A)) and the 61.8% Fibonacci correction of the previous sharp downward impulse from November.
The breakout of this resistance area accelerated the active impulse waves 3 and (C).
USDCHF is likely to rise further toward the next resistance level 0.9200 (target price for the completion of the active impulse wave 3, former monthly high from November).
![](https://fxpro.news/wp-content/uploads/2021/03/usdchf-primary-analysis-mar-01-1726-pm-1-day-1024x479.png)