USD/CHF broke major support level 0.9870

USD/CHF broke major support level 0.9870

2019-11-11 • Updated

  • USD/CHF broke major support level 0.9870
  • Next sell target - 0.9800

USD/CHF continues to fall after the recent breakout of the major support level 0.9870 (which has been repeatedly reversing the price from the end of June, as can be seen below). The breakout of the support level 0.9870 should accelerate the active short-term impulse wave c from July. USD/CHF is expected to fall further toward the next sell target at the next support level 0.9800 (monthly low from June and the target for completion of wave (c)).


USD/CHF: approaching the bottom?
USD/CHF: approaching the bottom?

The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.

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