LeoPrime Daily Market Analysis

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USDCHF reversed from support zone; Likely to rise to resistance level 0.90500.

USDCHF currency pair recently reversed up from the support zone lying between the strong support level 0.89300 which has been reversing the price from February) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous short-term impulse wave 3. Given the strength of the aforementioned support zone USDCHF currency pair recently can be expected to rise further toward the next resistance level 0.90500 (which stopped the previous minor correction 2 from the start of June).

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