USD/CHF reversed from support zone

USD/CHF reversed from support zone

  • USD/CHF reversed from support zone
  • Next buy target - 0.9600

USD/CHF continues to rise after the recent upward reversal from the support zone lying between the key support level 0.9430, which has been reversing the price from the middle of June (as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier minor impulse wave 3. Given the oversold reading on the daily CCI - USD/CHF is expected to rise to next buy target at the next resistance level 0.9600.

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