FBS - Analytics

    FBS

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    USD/CHF: sell target - 0.9700

    • USD/CHF reached sell target 0.9900
    • Next sell target - 0.9700

    USD/CHF recently fell sharply, breaking through the three consecutive support levels – 1.0000, 0.9900 (this support level was set as the sell target in our previous forecast for this currency pair) and 0.9800 (low of the previous intermediate (A)-wave). Each of these support breaks intensified the bearish pressure on this currency pair - accelerating the active intermediate (C)-wave, which belongs to the primary ABC correction ② from the end of November.

    USD/CHF might correct up to the recently broken price level 0.9800 (serving as resistance now after it was broken) – from where this currency pair can be sold with the sell target set at the support level 0.9700.


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