USDCHF Wave Analysis 13 January 2025

(MENAFN- FxPro)

– USDCHF broke resistance level 0.9130

– Likely to rise to resistance level 0.9225

USDCHF currency pair recently broke the resistance level 0.9130, which stopped the previous impulse wave i at the start of January, as can be seen below.

The breakout of the resistance level 0.9130 accelerated the active impulse wave iii, which belongs to the higher impulse waves 3 and (3).

Given the sharp daily uptrend, strongly bullish US dollar sentiment, USDCHF currency pair can be expected to rise to the next resistance level 0.9225 (former multi-month high from April of 2024 and the target for the completion of the active wave 3).

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