LeoPrime Daily Market Analysis

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USDCHF broke resistance area 0.95000; Likely to rise to resistance level 0.98000

USDCHF currency pair rising sharply following the earlier breakout of the resistance area located between the key resistance level 0.95000 (former yearly high from last year), the resistance trendline of the weekly up channel from last November and the 61.8% Fibonacci correction of the downward impulse from the start of 2020. Given the continuation of the strongly bullish US dollar sentiment that can be seen across the FX markets in the last few days – USDCHF currency pair can be expected to rise further
toward the next resistance level 0.98000 (target for the completion of wave

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