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USDCHF Wave Analysis – 17 March, 2019

  • USDCHF rising sharply
  • Further gains likely toward 0.9700

USDCHF has been rising sharply in the last few trading sessions after the price reversed up beautifully from the multi-year support level 0.9200 (which stopped the daily downtrend at the start of 2018).

The price recently broke above the resistance level 0.9540 (monthly low from September of 2018) – which accelerated the active upward correction.

USDCHF is likely to rise further toward the next resistance level 0.9700 (former powerful support from the middle of 2019).

USDCHF has been rising sharply

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