USD/CHF approached resistance level 0.9950
- USD/CHF approached resistance level 0.9950
- Next buy target – 1.0000
USD/CHF has been rising in the last few trading sessions inside the minor impulse waves (iii) and 3 – both of which are a part of the intermediate impulse wave (3) from the end of June. The price previously broke through the resistance level 0.9890 – which strengthened the bullish pressure on this currency pair.
USD/CHF is currently trading close to the resistance level 0.9950 (top of the previous intermediate impulse wave (1) from May). If USD/CHF breaks above the resistance level 0.9950 – the pair can then be expected to rise further to the next buy target at the parity (forecast price for the completion of impulse 3).