USDCHF currency pair continues to rise in the active minor impulse wave 5, which started earlier from the powerful support level 0.95500 (former monthly low from May, as can be seen from the daily USDCHF
chart below). The price earlier broke the resistance level 0.98000 – which added to the bullish pressure on this currency pair. Given the strong multi-month uptrend and the rising bullish US dollar sentiment seen across the FX markets lately, USDCHF currency pair can be expected to rise further toward the next resistance level 0.99000.
USDCHF rising inside minor impulse wave 5 from 0.95500; Likely to test resistance level 0.99000.
