Technical analysis

USDCHF Wave Analysis 21 September 2023

– USDCHF broke resistance level 0.9000

– Likely to rise to resistance level 0.9150

USDCHF recently broke above the round resistance level 0.9000 (which has been reversing the price from June) intersecting with the 50% Fibonacci correction of the downtrend from March.

The breakout of the resistance level 0.9000 should accelerate the active impulse wave c, which belongs to the ABC correction 2 from July.

USDCHF can be expected to rise further toward the next resistance level 0.9150 (target for the completion of the active impulse wave c).

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