USDCHF Wave Analysis – 14 January, 2022

• USDCHF reversed from key support level 0.9100

• Likely to rise to resistance level 0.9150

USDCHF currency pair recently reversed up from the key support level 0.9100 (which has been reversing the price from August), intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 0.9100 stopped the previous short-term ABC correction (ii).

USDCHF currency pair can be expected to rise further toward the next resistance level 0.9150.

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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Tags: USDCHF

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