USD/CHF broke long-term support level 0.9430

USD/CHF broke long-term support level 0.9430

  • USD/CHF broke long-term support level 0.9430
  • Next sell target - 0.9200

 USD/CHF has been under strong bearish pressure lately – following the earlier breakout of the powerful, long-term support level 0.9430 (which had reversed the price multiple times from the middle of July). The breakout of the support level 0.9430 accelerated the active minor impulse wave 5 – which belongs to the intermediate impulse wave (3) from December. USD/CHF is expected to fall to the next sell target at the next support level 0.9200 (target price for the completion of wave 5).

chf

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