USDCHF Wave Analysis 29 January 2025
- USDCHF reversed from round support level 0.9000
- Likely to rise to resistance level 0.9100
USDCHF currency pair recently reversed up from the round support level 0.9000 (which has been reversing the price from the end of December) intersecting with the lower daily Bollinger Band.
The support level 0.9000 was further strengthened by the support trendline of the daily up channel from September and the 38.2% Fibonacci correction of the upward impulse from December.
Given the clear daily uptrend, USDCHF can be expected to rise further to the next resistance level 0.9100 (which reversed the pair earlier this month).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.