Market Snapshots

USDCHF Wave Analysis – 24 April, 2020

USDCHF Wave Analysis – 24 April, 2020
  • USDCHF reversed from resistance area
  • Likely to fall to 0.9700

USDCHF reverently reversed down from the resistance area lying between the resistance level 0.9800 (top of the previous correction (a)) and the upper daily Bollinger Band.

The downward reversal from this resistance area stopped the previous short-term impulse wave (c).

USDCHF is expected to fall further toward the next support level 0.9700 (former resistance from the middle of April)

 

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