USDCHF recently broke the resistance trendline of the daily Triangle from the end of March (which encloses waves (a) and (b) of the active ABC correction (ii)).
The breakout of the Triangle coincided with the breakout of the resistance level 0.9700 (which stopped the a sub-wave of the active minor wave ii).
USDCHF is expected to rise further toward the next resistance level 0.9800 (top of the previous wave (b) and the target for the completion of wave ii).
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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