LeoPrime Daily Market Analysis

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USDCHF reversed from support level 0.95500; Likely to rise to resistance level 0.96330.

USDCHF currency pair recently reversed up from the key support level 0.9550 (low of the earlier minor impulse wave A from the end of May). The upward reversal from the support level 0.9550 started the active minor corrective wave (iv). Given the oversold daily Stochastic, strong daily uptrend and the rising swiss franc outflows seen across the FX markets today, USDCHF currency pair can be expected to rise further toward the next resistance level 0.96330 (target for the completion of the active minor corrective wave (iv)).

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