LeoPrime Daily Market Analysis

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USDCHF reversed from support area; Likely to rise to resistance level 0.93000.

USDCHF currency pair today reversed up from the support area located between the support level 0.92300 (which has been reversing the price from the start of March), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from the start of January. Given the strength of the aforementioned support area, oversold daily Stochastic – USDCHF can be expected to rise further toward the next resistance level 0.93000. Strong support remains at the support level 0.92300.

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