USDCHF Wave Analysis 1 March, 2021
March 01, 2021 @ 18:55 +03:00
• USDCHF broke resistance area
• Likely to rise to 0.9200
USDCHF recently broke the resistance area located between the resistance level 0.9030 (top of the previous correction (A)) and the 61.8% Fibonacci correction of the previous sharp downward impulse from November.
The breakout of this resistance area accelerated the active impulse waves 3 and (C).
USDCHF is likely to rise further toward the next resistance level 0.9200 (target price for the completion of the active impulse wave 3, former monthly high from November).