USDCHF Wave Analysis – 30 January, 2023

• USDCHF reversed from long-term support level 0.9150

• Likely to rise to resistance level 0.9300

USDCHF currency pair previously reversed up from the long-term support level 0.9150 (which has been reversing the price from February of 2022, as can be seen below).

The upward reversal from the support level 0.9150 started the active minor impulse wave c.

Given the strengthening USD bullish pressure, USDCHF can be expected to rise further toward the next resistance level 0.9300 (which stopped the earlier minor wave a).