USDCHF Wave Analysis 28 October, 2020

• USDCHF reversed from support level 0.9050

• Likely to rise to 0.9150

USDCHF recently reversed up from the support level 0.9050 (which was set as the likely downward target in our previous forecast for this currency pair) intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 0.9050 started the active short-term corrective wave (ii).

USDCHF is likely to rise further toward the next resistance level 0.9150 (which started the previous minor impulse wave (v)).