LeoPrime Daily Market Analysis

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USDCHF reversed from support level 0.91000; USDCHF to rise to resistance level 0.92500;

USDCHF currency pair recently reversed up sharply from the long-term support level 0.91000 (which has been reversing the price from the middle of August), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.91000 completed the previous minor ABC correction (ii). Given the strength of the support level 0.91000 and the rising bullish US dollar sentiment seen across the FX markets today – USDCHF currency pair can be expected to rise further toward the next resistance level 0.92500 (which reversed the price multiple times last month).

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