USD/CHF broke key resistance level 0.9840

USD/CHF broke key resistance level 0.9840

2019-11-11 • Updated

  • USD/CHF broke key resistance level 0.9840
  • Next buy target - 1.0000

USD/CHF continues to rise inside the minor impulse wave 1, which previously broke above the key resistance level 0.9840 (which stopped the previous intermediate wave (A) with the daily Shooting Star at the start of this month, as can be seen from the daily USD/CHF chart below). The breakout of the resistance level 0.9840 accelerated the active impulse waves 1 and (C). USD/CHF is expected to rise to the next buy target at the next powerful resistance level 1.0000.

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USD/CHF: approaching the bottom?
USD/CHF: approaching the bottom?

The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.

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