Ascending trend for the pair USD/CHF continues. Estimated pivot point is at a level of 0.9824.
Main scenario: long positions will be relevant from corrections above the level of 0.9824 with a target of 1.0057.
Alternative scenario: breakout and consolidation below the level of 0.9824 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, the downward correction iv of 1 has finished locally and the wave v of 1 has started forming. If the presumption is correct, the pair will logically continue to rise to a level of 1.0057. The level 0.9824 is critical in this scenario.
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Price chart of USDCHF in real time mode
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