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Wave Tech Analysis

FxPro Forex Analysis: USDCHF Wave Analysis – 14 September , 2018

USDCHF broke key support level 0.9650
• Further losses are likely

USDCHF today broke below the key support level 0.9650 (which stopped the sharp downward impulse wave 3 in August and also earlier this month, as can be seen below).

The breakout of the support level 0.9650 should accelerate the active impulse wave 5 of the medium-term impulse wave (3) from last month.

If the pair closes this week below 0.9650 – USDCHF is expected to fall further and retest the next support level 0.9570 (forecast price for the completion of the active impulse wave 3).

USDCHF - Primary Analysis - Sep-14 1543 PM (1 day)