USDCHF Wave Analysis – 26 November, 2021

• USDCHF under strong bearish pressure

• Likely to fall to support level 0.91000

USDCHF under the strong bearish pressure today after the price reversed down from the strong resistance level 0.9365, intersecting with the upper daily Bollinger Band.

The price just broke the support level 0.9250 (low of wave b), which accelerated the active minor corrective wave (ii).

USDCHF can be expected to fall further toward the next support level 0.9100 (which has been steadily reversing the price from August).