USDCHF Wave Analysis – 05 March, 2020

• USDCHF broke key support level 0.9610
• Likely to fall to 0.9450

USDCHF recently broke the key support level 0.9610 (which reversed the price twice in January, as can be seen from the daily USDCHF chart below).

The breakout of the support level 0.9610 accelerated the active impulse waves 3 and (C).

USDCHF is likely to fall further toward the next support level 0.9450 (expected price for the completion of the active impulse wave (C)).