• USDCHF under bullish pressure
• Likely to rise to resistance level 0.9230
USDCHF currency pair under the bullish pressure after the pair reversed up from the support area located between the key support level 0.9133 (which has been reversing the price from the end of June), lower daily Bollinger band and the 38.2% Fibonacci correction of the upward impulse (1) from the start of June. The upward reversal from this support area stopped the previous corrective wave 2.
Given the improvement in Swiss franc sentiment as seen across the currency markets today – USDCHF currency pair can be expected to rise further toward the next resistance level 0.9230 (top of the previous minor impulse wave 1).
