USDCHF Wave Analysis – 18 February 2025

– USDCHF reversed from the support zone

– Likely to rise to resistance level 0.9150

USDCHF currency pair recently reversed up from the support zone located between the support level 0.8975 (which stopped wave (2) in January), support trendline from December, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December.

The price formed the daily Japanese candlesticks reversal pattern Piercing Line near this support zone.

Given the strong daily uptrend, USDCHF currency pair can be expected to rise to the next resistance level 0.9150 (which has been reversing the price from January).

Source: https://fxpro.news