Platinum is to drop soon
Platinum is likely to bounce back down after it reaches the local resistance level.
USD/CHF broke key resistance level 0.9840
- USD/CHF broke key resistance level 0.9840
- Next buy target - 1.0000
USD/CHF recently broke the key resistance level 0.9840 (which stopped the previous minor correction wave 2 at the start of January, as can be seen below). The breakout of the resistance level 0.9840 accelerated the active intermediate impulse wave (3) from the start of April. USD/CHF is expected rise toward the next buy target at next resistance level 1.0000. Strong support now stands at 0.9840.
Dmitry Chernovolov
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Platinum is to drop soon
Platinum is likely to bounce back down after it reaches the local resistance level.
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