• USDCHF reversed from support area
• Likely to rise to resistance level 0.9225
USDCHF currency pair recently reversed up from the support area located between the key support level 0.9100 (which has been reversing the price from the middle of September), lower daily Bollinger Band and the 50% Fibonacci correction of the upward price impulse from the middle of June, as can be seen from the daily USDCHF chart below. The upward reversal from this support area started the active short-term impulse wave 3.
Given the clear daily uptrend, USDCHF currency pair can be expected to rise further toward the next resistance level 0.9225 (pervious reversal high from the end of last month).