Categories: Technical analysis

USDCHF Wave Analysis 23 September, 2020

• USDCHF broke resistance level 0.9200

• Likely to rise to 0.9240

USDCHF recently broke the key resistance level 0.9200 (which stopped the previous short-term corrective wave (a) at the start of September, as can be seen below).

The breakout of the resistance level 0.9200 accelerated the active short-term corrective wave 4.

USDCHF is expected to rise further and re-test the next resistance level 0.9240 (target price for the completion of the active corrective wave 4).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: USDCHF

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