Market Snapshots

USDCHF Wave Analysis – 9 September, 2020

USDCHF Wave Analysis – 9 September, 2020

• USDCHF reversed from resistance level 0.9200

• Likely to fall to 0.9030

USDCHF recently reversed down strongly from the resistance level 0.9200 (former powerful support from the start of March).

The downward reversal from the resistance level 0.9200 continues the active multi-month downward impulse sequence (3) from June.

Given the long-term daily downtrend – USDCHF is likely to fall further toward the next support level 0.9030 (which reversed earlier waves 3 and (i)).

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