USD/CHF broke resistance level 0.9600

USD/CHF broke resistance level 0.9600

  • USD/CHF broke resistance level 0.9600
  • Next buy target - 0.9760

USD/CHF continues to rise after the earlier breakout of the resistance level 0.9600. The breakout of the resistance level 0.9600 coincided with the breakout of the 50% Fibonacci correction of the previous sharp downward impulse from the start of August. The breakout of these two resistance levels accelerated the active minor corrective wave (iv) from the start of September. USD/CHF is expected to rise to the next buy target at the next resistance level 0.9760 (top of the previous corrective waves 4 and (b)).

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