Technical analysis

USDCHF Wave Analysis – 23 December, 2022

USDCHF Wave Analysis – 23 December, 2022

• USDCHF reversed from key support level 0.9220

• Likely to rise to resistance level 0.9380

USDCHF previously reversed up with the daily Morning Star from the key support level 0.9220 (which also started the intermediate impulse wave (3) with the Morning Star in March).

The upward reversal from the support level 0.9220 continues the active intermediate impulse wave (1).

USDCHF can be expected to rise further toward the next resistance level 0.9380 (former powerful support from August and November, acting as the resistance after it was broken earlier).

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