USDCHF Technical Analysis Report 26 March, 2021

• USDCHF broke resistance level 0.9360
• Likely to reach resistance level 0.9455

USDCHF currency pair continues to rise after recently breaking above the pivotal resistance level 0.9360 (which stopped the previous sharp upward impulse wave 1 at the start of March, as can be seen from the daily USDCHF chart below). The breakout of the resistance level 0.9360 accelerated the active short-term impulse wave 3 – which belongs to wave (C) from the middle of February.

Given the continuation of the bearish Swiss franc sentiment which has been affecting this currency pair for the last few trading weeks – USDCHF currency pair can be expected to rise further in the active minor impulse wave 3 toward the next resistance level 0.9455 (former top of wave 2 from July and the target for the completion of the active wave 3).

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