USDCHF Wave Analysis – 15 June, 2020

• USDCHF reversed from resistance zone

• Likely to fall to 0.9400

USDCHF recently reversed down from the resistance area lying between the resistance level 0.9500 (former support from the end of March) and the 38.2% Fibonacci correction of the previous downward impulse from the end of April.

The downward reversal from this resistance area is aligned with the active short-term downward impulse sequence 3 from last month.

USDCHF is likely to fall further toward the next support level 0.9400 (which created the daily Morning Star earlier this month).