USD/CHF reached sell target 0.9670

USD/CHF reached sell target 0.9670

2019-11-11 • Updated

  • USD/CHF reached sell target 0.9670
  • Next sell target - 0.9550

USD/CHF continues to fall inside the minor impulse wave (v) – which started earlier from the resistance zone lying between the resistance level 0.8900, 38.2% Fibonacci correction of the downward impulse from the middle of May and the former support trendline of the recently broken daily down channel from March (acting as resistance now after it was broken).

Having recently broken below the support level 0.9670 (which was set as the sell target in our earlier forecast for this currency pair) - USD/CHF is expected to fall toward the next sell target at the support level 0.9550 (low of the previous ABC correction ④ from November of 2016).

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