USDCHF Making A Reversal

Gregor Horvat

USDCHF has traced 5 waves up, which we see as the start of a new upside trend from latest lows. This pair touched psychological level 1.000 and found resistance there. Current development we see as a corrective three wave pullback with support around 0.9840 levels, from where we expect to see further continuation to higher levels.

USDCHF Hourly Chart

USDCHF Hourly Chart