USDCHF Technical Analysis 24 December, 2021

• USDCHF reversed from key support level 0.9170
• Likely to rise to resistance level 0.9250

USDCHF currency pair recently reversed up from the key support level 0.9170 (which is the lower boundary of the sideways price range inside which the pair has ben trading from the end of November, as can be seen from the USDCHF chart below) – strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from October.

Given the clear daily uptrend and moderate Swiss franc inflows, USDCHF currency pair can be expected to rise further toward the next round resistance level 0.9250 (upper boundary of the aforementioned sideways price range).

Was this post helpful?