USD/CHF: buy target - 1.0100
By: Dmitriy Chernovolov
- USD/CHF broke pivotal resistance level 0.9900
- Next buy target - 1.0100
USD/CHF recently broke above the pivotal resistance level 0.9900 (which stopped the earlier A-wave at the start of August, as can be seen below). The breakout of this resistance level is likely to strengthen the bullish pressure on this currency pair in the coming trading sessions.
USD/CHF is expected to rise further in the active accelerated impulse wave (iii) (which belongs to the C-wave of the intermediate ABC correction (2) from the start of May) toward the next buy target at the resistance level 1.0100 (which previously stopped the extended primary ABC correction ② in March).