Technical analysis

USDCHF Wave Analysis 25 September, 2020

• USDCHF rising inside impulse wave c

• Likely to rise to 0.9350

USDCHF continues to rise inside the sharp upward impulse wave c, which previously broke the resistance zone lying between the resistance levels 0.9190 and 0.9230.

The breakout of this resistance zone strengthened the bullish pressure on this currency pair.

USDCHF is expected to rise further toward the next resistance level 0.9350 (target price for the completion of the active correction 4).

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