Market Snapshots

USDCHF Wave Analysis – 10 June, 2020

USDCHF Wave Analysis – 10 June, 2020

• USDCHF broke key support level 0.9500

• Likely to fall to 0.9400

USDCHF continues to fall after the earlier breakout of the key support level 0.9500 (former low of the previous short-term impulse wave 1 from the end of March).

The breakout of the support level 0.9500 was preceded by the breakout of the support level 0.9580 (lower boundary of the sideways price range from the start of April).

USDCHF is likely to fall further in the active short-term impulse wave (iii) toward the next support level 0.9400 (low of wave B from March and the target for the completion of wave (iii)).

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