LeoPrime Daily Market Analysis

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USDCHF broke resistance level 0.91500; Likely to reach 0.92500

USDCHF currency pair has been rising sharply in the last few trading sessions – breaking through the resistance level 0.91500 and the 61.8% Fibonacci correction of the downward impulse from the end of September. The price is currently trading close to the powerful resistance level 0.91850 (which has been reversing the price from start of October). If the pair breaks above the resistance level 0.91850 on the closing basis – USDCHF currency pair can then rise toward the next resistance level 0.9250. Alternatively the price can correct down to the support level 0.91500.

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