LeoPrime Daily Market Analysis

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USDCHF falling inside impulse waves (iii) and 3; Likely to fall to reach 0.92000

USDCHF continues to fall inside the accelerated impulse waves (iii) and 3 – which previously broke below the key support level 0.62000 (which has been reversing the price from the middle of June). The breakout of the support level 0.62000 led to the latest breakout of the wide daily down channel from April. Given the strong bullish Swiss franc sentiment seen today – USDCHF is likely to fall further toward the next support level 0.92000 (former multi month support which stopped the earlier impulse wave (1) in March)

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