USD/CHF reversed from resistance zone • Next sell target - 0.9570

in #forex7 years ago

USD/CHF continues to fall after the earlier downward reversal from the resistance zone lying between the pivotal resistance level 0.9750 (which has been steadily reversing the price from June, as can be seen from the daily USD/CHF chart below), upper daily Bollinger Band and the 50% Fibonacci correction level of the previous downward impulse from the start of May. USD/CHF is expected to fall further to the next sell target at the next support level 0.9570 (low of wave B).

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