The pair USD/CHF is expected to grow. Estimated pivot point is at a level of 0.9749.
Main scenario: long positions will be relevant above the level of 0.9749 with a target of 0.9985 – 1.0057.
Alternative scenario:breakout and consolidation below the level of 0.9749 will allow the pair to continue declining to the levels at 0.9668 – 0.9432.
Analysis: Supposedly, an ascending impetus continues to form as the first wave of senior level 1 of (3) within the daily time frame. Apparently, a downward correction iv of 1 finishes forming now, with the wave (c) of iv formed within. If the presumption is correct, the pair will logically rise to the levels 0.9985 – 1.0057. The level 0.9749 is critical in this scenario.
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Price chart of USDCHF in real time mode
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