The pair is expected to grow.

Supposedly, the bearish correction within a zigzag-shaped wave 2 of senior level has finished forming. Apparently, a bullish impetus is forming now, with a wave (iii) of i of 3 developing within. If this assumption is correct and the price does not break the critical level 0.9285, it's logical to expect the pair to continue rising to the levels 0.9650–0.9770.

Trading tips

Buy the pair from corrections above the level of 0.9285 with targets at 0.9650–0.9770.

Alternative scenario

Breakout and consolidation below the level of 0.9285 will allow the pair to continue declining to the levels 0.9100–0.9000.

USD/CHF: wave analysis

USD/CHF: wave analysis




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