- USDCHF reversed from resistance level 0.9800
- Likely to fall to 0.9700
USDCHF recently reversed down sharply once again from the key resistance level 0.9800 – standing close to the upper daily Bollinger Band.
The downward reversal from the resistance level 0.9800 continues the active short-term impulse wave (c).
USDCHF is expected to fall further toward the next support level 0.9700 – the breakout of which can lead to further losses toward 0.9660.