The rally from wave c of Y low on 16th Jan 2020 has been unfolding as a double zigzag
corrective wave. Corrective structure moves in the opposite direction of the major trend, that's once the wave y of X is completed, the bearish trend
I'm anticipating the correction to complete at the daily resistance zone
that lined up with the moving average.
Watch out for bearish price action signals from that zone to confirm the completion of correction.
What's your thought on USDCHF?