The pair is expected to grow.

Supposedly, the bearish correction within a zigzag-shaped wave 2 of senior level has finished forming. The first wave (i) is forming now, with the first wave of junior level i of (i) developed in a form of diagonal within. If this assumption is correct and the price does not break the critical level 0.9062, it's logical to expect the pair to continue rising to a level of 1.0120.

Trading tips

Buy the pair from corrections above the level of 0.9062 with a target at 1.0120.

Alternative scenario

Breakout and consolidation below the level of 0.9062 will allow the pair to continue declining to a level of 0.8820.

USD/CHF: wave analysis

USD/CHF: wave analysis




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