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USDCHF Wave Analysis 1 March, 2021

USDCHF Wave Analysis 1 March, 2021

• USDCHF broke resistance area

• Likely to rise to 0.9200

USDCHF recently broke the resistance area located between the resistance level 0.9030 (top of the previous correction (A)) and the 61.8% Fibonacci correction of the previous sharp downward impulse from November.

The breakout of this resistance area accelerated the active impulse waves 3 and (C).

USDCHF is likely to rise further toward the next resistance level 0.9200 (target price for the completion of the active impulse wave 3, former monthly high from November).

USDCHF Wave Analysis 1 March, 2021

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