**USD/CHF Wave Analysis for December 24, 2025: Technical Outlook and Forecast**
_Source: Adapted and expanded from Sergey Logachev, FXPro News_
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The USD/CHF currency pair is a significant contender in the forex market due to its role as a barometer for global risk sentiment and the traditional safe-haven status of the Swiss franc. As we close out 2025, a deeper dive into its technical landscape—especially through Elliott Wave analysis—provides valuable insights for both short- and long-term traders. This comprehensive article draws upon the detailed wave analysis by Sergey Logachev from FXPro News, supplemented by additional research on USD/CHF trends, technical patterns, and macroeconomic factors influencing the pair.
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## Elliott Wave Structure: A Closer Look
### Key Observations from the Current Chart
– **Intermediate Impulse (Wave C):**
The USD/CHF pair is progressing within an intermediate-level impulsive wave pattern labeled as Wave C, which is a downward movement.
– **Minute Sub-Waves (iii):**
Inside Intermediate Wave C, the formation of Minor Wave (iii) is unfolding as a sharp bearish extension.
– **Recent Price Action:**
The market has recently broken through significant support areas, confirming the momentum of the ongoing bearish impulse.
– **Sub-Minute and Micro-Waves:**
The decline is further dissected into sub-minute (i)-(v) and micro-waves, indicating a well-structured impulsive movement consistent with Elliott Wave principles.
### Technical Milestones
– The completion of prior upward corrections (waves A and B) has set the stage for the current impulsive C wave.
– Wave C in a classic A-B-C corrective formation often targets significant Fibonacci retracement levels of the prior bullish cycle.
– The ongoing wave (iii) typically exhibits the greatest momentum and volume, which supports the sustained sharp move lower.
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## Support and Resistance Levels
To appropriately navigate the market, it’s crucial to identify relevant support and resistance zones:
### Key Levels to Watch
– **Immediate Resistance:**
The nearest resistance is found at 0.8680 to 0.8710, which aligns with minor retracement highs and moving averages.
– **Current Support:**
The pair is testing support near 0.8500, a psychological level and a prior swing low from the last quarter.
– **Next Major Support:**
If current levels break, 0.8440 and then 0.8380 are the primary downside targets, based on Fibonacci extensions and previous price action.
– **Long-term Resistance:**
Strong resistance is established near the 0.8900 area, which capped multiple rallies earlier in 2025.
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## Technical Indicators Overview
A thorough technical analysis is underpinned by multi-indicator convergence. Here is how core indicators align with the Elliott Wave outlook:
### Moving Averages
– **50-
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