Next buy target – 0.9900
USD/CHF has been rising in the last few trading sessions – in line with our previous forecast for this currency pair. The active minor impulse waves (i) and 1 belong to the intermediate (C)-wave which started from the support zone lying at the intersection of the support level 0.9670, lower daily Bollinger Band and the lower support trendline of the daily down channel from last November.
USD/CHF is currently approaching the resistance level 0.9800 which was set as the buy target in our previous forecast for this currency pair. If the price breaks above the resistance level 0.9800 – USD/CHF can then rise to the next buy target 0.9900
Origin: FX BAZOOKA