LeoPrime Daily Market Analysis

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USDCHF broke resistance level 0.97000; Likely to rise to 0.97650

USDCHF recently broke through the resistance level 0.97000 – which was set as the likely upward target in our earlier forecast for this currency pair. The breakout of the resistance level 0.97000 strengthened the bullish pressure on USDCHF – which accelerated the active correction 4. Given the moderate bullish Swiss franc sentiment seen across the markets today – USDCHF is likely to extend the gains toward the next resistance level 0.97650 (high of the previous two consecutive Falling Stars) – from where the pair is likely to correct down.

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