USDCHF Wave Analysis – 7 March 2025

USDCHF: ⬇️ Sell

– USDCHF broke the support zone

– Likely to fall to support level 0.8750

USDCHF currency pair recently broke the support zone between the support level 0.8900 (which has been reversing the price from December), the support trendline of the daily down channel from January and the 61.8% Fibonacci correction of the upward impulse from December.

The breakout of this support zone accelerated the active strong downward impulse wave C of the ABC correction (B) from January.

USDCHF currency pair can be expected to fall further to the next support level 0.8750 (the monthly low from December and the target for the completion of wave C).

Source: https://fxpro.news