[riki143]

USD/CHF reversed from support zone
12/27/2016

USD/CHF reversed from support zone
Next buy target - 1.0340
USD/CHF continues to rise inside the b-wave of the minor ABC correction (ii) – which started earlier from the resistance level 1.0340. The active b-wave started when the pair reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support zone lying between the strong resistance level 1.0210 (previous monthly high from November) and the 38.2% Fibonacci correction of the previous upward impulse (i).

USD/CHF is expected to rise further in the direction of the next buy target at the resistance level 1.0340 (which stopped the aforementioned impulse wave (i), as can be seen below).



More:
https://new.fxbazooka.com/analytics/11868