USD/CHF: buy target - 0.9950
- USD/CHF reached buy target 0.9800
- Next buy target - 0.9950
USD/CHF recently reached the resistance level 0.9800 – which was set as the buy target in our previous forecast for this currency pair. The price has been rising steadily from the start of this month – inside the intermediate corrective wave (2), which started when USD/CHF reversed up from the support zone lying between the 100-day moving average, the support level 0.9500, lower daily Bollinger Band and the 38.2% Fibonacci Correction of the previous sharp primary wave ② from January.
USD/CHF is likely to rise further toward the next buy target 0.9950 (calculated price for the termination of the active intermediate correction (2)).