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USDCHF: ⬆️ Buy
– USDCHF reversed from support area
– Likely to rise to resistance level 0.8050
USDCHF currency pair recently reversed from the support area between the powerful multi-month support level 0.7900 (which has been reversing the price from June) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer – strong buy signal for this currency pair.
Given the strength of the support level 0.7900, USDCHF currency pair can be expected to rise to the next resistance level 0.8050 (top of the previous correction ii).
Source: https://fxpro.news
