USDCHF Wave Analysis – 28 April, 2020

• USDCHF reversed from resistance level 0.9800
• Likely to fall to 0.9700

USDCHF recently reversed down sharply once again from the key resistance level 0.9800 – standing close to the upper daily Bollinger Band.

The downward reversal from the resistance level 0.9800 continues the active short-term impulse wave (c).

USDCHF is expected to fall further toward the next support level 0.9700 – the breakout of which can lead to further losses toward 0.9660.