USDCHF Is Expected To Rally After Short-term Retracement To 0.9620-0.9690 Support

USDCHF is turning higher, now already well above the upper line of a downward channel which is an important signal that corrective retracement from 1.0129 is finished. Current rise through 0.9755 swing is also confirming a change in trend. As such, more upside is expected in April, especially after a red wave 2) that could be very nice for swing trade on the bullish side. Support for wave two comes in at 0.9620-0.9690.

This Bullish move was anticipated on our past update


USDCHF 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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