USD/CHF rising inside minor B-wave

USD/CHF rising inside minor B-wave

2019-11-11 • Updated

  • USD/CHF rising inside minor B-wave
  • Next buy target - 0.9830

USD/CHF continues to rise inside the minor wave B, which started previously from the support area located between the key support level 0.9710 (which also reversed the previous minor corrective wave (iv) at the start of October) and the lower daily Bollinger Band. The active wave B is a part to the intermediate ABC correction (B) from September. USD/CHF is expected to rise to the next buy target at the next resistance level 0.9830 (top of the previous ABC correction (A)).

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