USDCHF under bearish pressure after the earlier breakout of the key support level 0.9660 (which stopped the sharp downtrend in last August and also the strong downward impulse wave at the end of December). The breakout of this support level accelerated the active impulse waves 3 and (C). The aforementioned price level 0.96600 is acting as strong resistance at the moment. With the rising bearish sentiment affecting USA dollar at the moment and considering clear daily downtrend – USDCHF is likely to fall further in the active impulse waves (v), 3 and (C) toward the next support level 0.96000.