Tuesday, 02 January 2024 12:17 GMT

USDCHF Wave Analysis 24 December 2025


(MENAFN- FxPro)

USDCHF: ⬇️ Sell

– USDCHF broke support level 0.7885

– Likely to fall to support level 0.7800.

USDCHF currency pair recently broke the support level 0.7885, which is the lower border of the multi-month sideways price range inside which the price has been moving from June.

The breakout of the support level 0.7885 accelerated the active impulse waves iii and 3 – which are a part of the extended downward impulse sequence (C) from May.

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Given the strong daily downtrend and the bearish US dollar sentiment seen today, USDCHF currency pair can be expected to fall to the next key support level 0.7800.

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