Narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.
USD/CHF falling inside c-wave
- USD/CHF falling inside c-wave
- Next sell target - 0.9850
USD/CHF continues to fall inside the c-wave of the minor ABC correction 2 from the end of October – which started when the pair reversed down from the resistance zone lying between the parity, upper daily Bollinger Band and the resistance trendline of the daily up channel from September. The latest breakout of the aforementioned up channel accelerated the active wave 2. USD/CHF is expected to fall to the next sell target at the next support level 0.9850 (top of the previous wave (A)).
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