USDCHF currency pair recently broke below the key support level 0.91150 (which stopped the previous wave (a) earlier this month) intersecting with the 50% Fibonacci correction of the previous sharp upward impulse 1 from the end of May. The breakout of the support level 0.91150 accelerated the active short-term impulse wave (c) of the ABC correction 2 from the start of July. Given the strongly bearish U.S dollar sentiment seen across the FX markets today – USDCHF currency pair can be expected to fall further toward the next support level 0.90500 (target for the completion of the active ABC correction 2).