- USDCHF falling inside a minor impulse wave
- Likely to fall to support level 0.7900
USDCHF currency pair is falling strongly inside the minor impulse wave 3, which recently broke the daily down channel from the start of May.
The breakout of this down channel follows the earlier breakout of the key support level 0.8055 (which stopped the previous impulse waves (1) and i).
Given the strong daily downtrend and the continuous outflows from US dollar or risk-on mood, USDCHF currency pair can be expected to fall to the next support level 0.7900, the target price for the completion of the active impulse wave 3.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。