Categories: Technical analysis

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).

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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