USDCHF Wave Analysis 30 September 2024

– USDCHF reversed from strong support level 0.8400

– Likely to rise to resistance level 0.8525

USDCHF currency pair recently reversed up from the strong support level 0.8400, which is the lower boundary of the sideways price range inside which the pair has been moving from the end of August.

The support level 0.8400 was further strengthened by the lower daily Bollinger Band.

Given the strength of the support level 0.8400, USDCHF currency pair can be expected to rise further to the next resistance level 0.8525 (upper boundary of the active sideways price range).