USD/CHF reached sell target 0.9870

USD/CHF reached sell target 0.9870

  • USD/CHF reached sell target 0.9870
  • Next sell target - 0.9750

USD/CHF recently broke through the support zone lying between the pivotal support level 0.9870 (previous sell target, which has been reversing the price from last January) and the 61.8% Fibonacci correction of the previous sharp upward impulse from November. The breakout of this support zone accelerated the active impulse wave (iii) – which belongs to the C-wave from March.

USD/CHF is expected to fall to the next sell target at the support level 0.9750 (forecast price for the completion of the active impulse wave (iii)).

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gbp

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