USDCHF Wave Analysis – 12 May 2025

- USDCHF broke resistance area
- Likely to rise to resistance levels 0.8500 and 0.8600

USDCHF currency pair recently broke the resistance area between the resistance level 0.8325 (which stopped the previous waves A and (b)) and the 38.2% Fibonacci correction of the downward impulse 5 from April.

The breakout of this resistance area accelerated the C-wave of the active ABC correction (2) from the middle of last month.

Given the strongly bullish US dollar sentiment seen today, USDCHF currency pair can be expected to rise to the next resistance levels 0.8500 and 0.8600.