USDCHF Wave Analysis 22 November 2024

– USDCHF broke resistance zone

– Likely to rise to resistance level 0.9000

USDCHF currency pair today broke the resistance zone located between the resistance level 0.8900 (which has been reversing the price from July) and the 61.8% Fibonacci correction of the downward impulse from April.

The breakout of this resistance zone coincided with the breakout of the daily up channel from September – which accelerated the active impulse wave (5).

USDCHF currency pair can be expected to rise further to the next round resistance level 0.9000.