Categories: Technical analysis

USDCHF Wave Analysis – 3 January, 2022

• USDCHF reversed from support level 0.9100

• Likely to rise to resistance level 0.9250

USDCHF currency pair recently reversed up from the support level 0.9100 (which has been repeatedly reversing the price from the middle of August).

The support zone near the support level 0.9100 was strengthened by the lower Bollinger Band and by the 61.8% Fibonacci correction of the upward price impulse from June.

USDCHF currency pair can be expected to rise further toward the next resistance level 0.9250 (which reversed the price multiple times in December).

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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