USDCHF currency pair recently broke above the powerful multi-month resistance level 0.93000 (which stopped the previous medium-term correction (4) in last September, as can be seen from the daily USDCHF chart below). The breakout of the resistance level 0.93000 accelerated the active medium-term upward impulse sequence (5) from the end of February. Given the predominant bullish sentiment affecting the US dollar today – USDCHF currency pair can be expected to rise further toward the next resistance level 0.94000 (target price for the completion of the active impulse wave (5)).
