USD/CHF broke resistance zone

USD/CHF broke resistance zone

2019-11-11 • Updated

  • USD/CHF broke resistance zone
  • Next buy target - 0.9600

USD/CHF continues to rise after the earlier breakout of the resistance zone lying between the resistance level 0.9450 (which reversed the earlier corrections 4 and A) and the 38.2% Fibonacci correction of the previous sharp downward impulse from the start of January. USD/CHF is expected to rise further inside the active minor impulse wave C toward the next buy target at the next resistance level 0.9600 (forecast price for the completion of the active wave C).

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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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