USDCHF Wave Analysis – 26 March, 2020

• USDCHF reversed from resistance level 0.9850
• Likely to fall to 0.9620

USDCHF recently reversed down from the pivotal resistance level 0.9850 (former lower boundary of the sideways price range from 2019), standing close to the upper daily Bollinger Band.

The downward reversal from the resistance level 0.9850 stopped the previous short-term correction 4.

USDCHF is likely to fall down further in the active impulse wave 5 toward the next support level 0.9620 (former Double Bottom from January).