LeoPrime Daily Market Analysis

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USDCHF broke resistance zone; Likely to rise to 0.93500

USDCHF continues to rise after the earlier breakout of the key resistance zone located between the support level 0.91850 (which has been steadily reversing the pair from the start of August, as can be seen below) and the 38.2% Fibonacci correction of the downward impulse from July. USDCHF is likely to rise further in the active corrective wave (iv) toward the next resistance level 0.93500 (former support from June and the target price for the completion of the active sub-impulse (v))

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