USDCHF today broke sharply above the key multi-month resistance level 1.0100 (which has been reversing the price from the end of last October, as can be seen below).
The breakout of the resistance level 1.0100 accelerated the active short-term impulse wave (iii) – which belongs to wave C from January.
USDCHF is expected to rise further and re-test the next key resistance level 1.0200 (target price for the completion of the active impulse wave (iii)).
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