September 23, 2020 at 03:08PM

U.S. Dollar Nears a Critical Level That May Trigger a Buying Spree

• USDCHF broke resistance level 0.9200

• Likely to rise to 0.9240

USDCHF recently broke the key resistance level 0.9200 (which stopped the previous short-term corrective wave (a) at the start of September, as can be seen below).

The breakout of the resistance level 0.9200 accelerated the active short-term corrective wave 4.

USDCHF is expected to rise further and re-test the next resistance level 0.9240 (target price for the completion of the active corrective wave 4).

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From: The FxPro Tech Analysis Team
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