USDCHF Wave Analysis – 06 March, 2020

• USDCHF broke support area
• Likely to fall to 0.9250

USDCHF recently broke sharply through the support area located between the support level 0.9450 and the support trendlines of the daily down channel from May and December.

The breakout of this support zone accelerated the active impulse waves 3 and (C).

USDCHF is likely fall toward the next support level 0.9250 (likely price for the completion of the active medium-term impulse wave (3)).