USD/CHF reversed from support zone
1/30/2017
USD/CHF reversed from support zone
Next buy target - 1.0080
USD/CHF recently reversed up from the support zone lying between the pivotal support level 1.0000 (former top of impulse 1 from October, which was set as the sell target in our earlier forecast for this currency pair), lower daily Bollinger Band and the 50% Fibonacci correction level of the previous upward impulse from November. The upward reversal from this support zone stopped the earlier C-wave of the intermediate ABC correction (4) from December.
USD/CHF is likely to rise further toward the next buy target at the resistance level 1.0080 (earlier support level, which stopped the previous minor impulse wave (i)).
More:
https://new.fxbazooka.com/analytics/12255