**USDCHF Wave Analysis: Comprehensive Overview and Technical Outlook**
*Based on the article by FxPro News (original source: https://fxpro.news/tech-analysis/usdchf-wave-analysis-24-december-2025-20251224/amp/)*
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### Introduction
The USDCHF currency pair, tracking the US dollar against the Swiss franc, is often considered both a barometer for global risk sentiment and a vehicle for Forex traders seeking to diversify their portfolio. December 2025 finds USDCHF at a pivotal technical juncture, with advanced wave analysis offering crucial insights into its potential trajectory through the lens of Elliott Wave Theory and key technical indicators. This article draws from the original analysis published by FxPro News and further elaborates on the themes, enriching the discussion with additional context and viewpoints.
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### Elliott Wave Analysis Recap
The foundation of the original analysis relies on Elliott Wave Theory. This method interprets market price action in terms of repeating patterns or “waves,” dividing a complete market cycle into impulsive and corrective phases. As of late December 2025, the USDCHF chart reflects a scenario marked by a series of bearish waves, suggesting a likely continuation of downward momentum.
#### Current Wave Structure:
– **Completed Wave (C):** The analysis highlights the completion of an important corrective phase, labeled as wave (C) within a larger-degree correction labeled as B.
– **New Impulse Structure:** Following the completion of the correction, the chart points to the inception of a new downward impulse, specifically labeled as wave (C) within a developing substructure.
– **Corrective Patterns:** The price appears to have finished a smaller a-b-c corrective movement, marking the onset of the aforementioned downward impulse.
#### Key Observations:
– **Bearish Momentum:** The aviation of the new (C) wave suggests reinforced selling pressure, with buyers likely overpowered by the bears in the current timeframes.
– **Wave Degree:** The discussed wave patterns correspond to intermediate and minor degrees, signaling that current movements are significant but part of a larger multi-month trend.
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### Technical Indicators and Price Levels
Beyond wave theory, technical indicators complement the forecasting framework, offering traders additional confirmation or warning signals.
#### Support and Resistance:
– **Immediate Support:** The first major support zone stems from historical demand at 0.8680, a region with heavy prior engagement from market participants.
– **Next-Downside Target:** Should sellers maintain momentum, price could decline towards the 0.8600 level, a psychologically and technically significant round number.
– **Immediate Resistance:** The key resistance is positioned near 0.8800, marked by prior swing highs and intersection with moving averages on daily charts.
– **Zone Clustering:** Confluence zones, where various technical tools align, cluster around 0.8680-0.8720, increasing the likelihood of price reaction in this range.
#### Moving Averages:
– The 50-day exponential moving average serves as
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