Categories: Technical analysis

USDCHF Wave Analysis – 11 April 2023

• USDCHF reversed from resistance level 0.9095

• Likely to fall to support level 0.9000

USDCHF currency pair recently reversed down from the key resistance level 0.9095 (former powerful support which has been reversing the price from the middle of January).

The downward reversal from the resistance level 0.9095 continues the active short-term impulse wave (iii) – which belongs to the impulse waves 3 and (3).

Given the long-term downtrend, USDCHF can then be expected to fall further toward the next round support level 0.9000 (low of the earlier Hammer from the start of this month).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: USDCHF

Recent Posts

Pro News Flash: Bitcoin Is Stuck While Billion Dollar Buyers Step In

🛟 Bitcoin is having a hard time staying afloat, even as major players step in…

3 hours ago

Natural Gas. Current situation #trandingshorts #tradelikeapro #trading #tradingstrategy #naturalgas

We're gonna talk about the gas market, where prices are falling rapidly. Let's take a…

5 hours ago

The dollar remains focused on the labour market

The US dollar weakened significantly in 2025, and its fate depends on central banks. The…

5 hours ago

Major coins dragged the market down

Major cryptocurrencies fell amid declining market sentiment, low liquidity, and institutional rebalancing, with Bitcoin dropping…

7 hours ago

Dogecoin Wave Analysis – 15 December 2025

Dogecoin: ⬇️ Sell - Dogecoin broke long-term support level 0.1365 - Likely to fall to…

20 hours ago

Alcoa Wave Analysis – 15 December 2025

Alcoa: ⬇️ Sell - Alcoa reversed from strong resistance level 47.00 - Likely to fall to…

20 hours ago

This website uses cookies