**USDCHF Technical Analysis and Detailed Elliott Wave Review – December 24, 2025**
*Original analysis credit: FxPro News*
## Overview of the USDCHF Market Situation
The USDCHF pair, representing the US dollar against the Swiss franc, provides a reliable gauge for traders analyzing the strength of the US dollar relative to a traditional safe-haven currency. FXPro News offers a precise technical breakdown using Elliott Wave Theory, a time-tested approach to forecasting market movements by analyzing crowd psychology manifesting in price waves.
As 2025 nears its conclusion, USDCHF has experienced significant price swings influenced by a series of economic events, monetary policies, and risk sentiment shifts. The technical picture painted by current wave analysis is essential for traders looking to identify short-to-medium-term trade setups and potential megatrend reversals.
## Elliott Wave Count: Recent Developments
The current Elliott Wave count on the daily USDCHF chart indicates that the pair has recently completed an impulse move and is now undergoing a corrective phase. According to the analysis provided by FxPro News:
– The pair has likely finalized the third wave of a larger impulse entitled wave (3).
– Signs indicate the pair is presently in a correction labeled as wave (4).
– The corrective wave (4) may either take the form of a zigzag, flat, or triangle formation.
– Key levels have been identified that serve as both support and resistance, significantly influencing upcoming price action.
**Primary structures identified:**
– The impulsive 5-wave move upward, culminating at a critical resistance point, representing the wave (3) completion.
– The resultant downward move, indicative of the beginning of wave (4).
– Lower time frames also reveal substructures typical of corrective activity.
## Current Technical Picture and Price Zones
Across different timeframes, several critical technical features have emerged:
1. **Key Resistance:**
– The 0.8810 level is currently acting as stiff resistance. This is where the wave (3) peaked.
– Breaks above this level could suggest a failed correction with renewed bullish momentum.
2. **Important Support:**
– Initial support can be found near 0.8665.
– A further substantial support zone is in the 0.8600 region, aligning with a Fibonacci retracement and previous supply/demand reversals.
– If the correction deepens, lower supports at 0.8540 and 0.8490 could come into play.
3. **Fibonacci Levels:**
– The 38.2 percent and 50 percent retracement levels of wave (3) reside close to present prices.
– These Fibonacci areas often serve as magnets for corrections, as many professional traders target entries and exits near such retracements.
4. **Wave Substructure:**
– Intraday charts show a potential A-B-C zigzag forming, typical of corrective phases.
– The “A” leg comprised an initial sharp selloff,
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