USD/CHF falling inside minor C-wave

USD/CHF falling inside minor C-wave

  • USD/CHF falling inside minor C-wave
  • Next sell target - 0.9800

USD/CHF continues to fall inside the minor C-wave of the intermediate ABC correction (2) from the start of May – which started earlier – when the pair reversed down from the major resistance zone located between the multi-month resistance level 1.0040 (which also reversed the pair in last November) and the upper daily Bollinger Band. USD/CHF is expected to fall further toward the next sell target at next support level 0.9800 (target for the completion of the active wave (2)).

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