The pair is expected to rise.

Presumably, as a part of the daily timeframe, the correction has developed as wave 2, which currently has the form of a zigzag. Locally, most likely, the third wave of the senior-level 3 has started to form, within which the lead-in impetus (i) of iii of 3 has been formed and the local correction (ii) of iii is developing. If the assumption is correct and the price does not break through the critical level of 0.9140, the pair will continue growing to the level of 0.9840.

Trading tips

Buy the pair from corrections above 0.9140 with the target at 0.9840. If the level 0.9140 is broken through, sell the pair with the target at 0.8820.

Alternative scenario

Breakout and consolidation below the level of 0.9140 will allow the price to continue declining to the level of 0.8820.

USD/CHF: wave analysis

USD/CHF: wave analysis

USD/CHF: wave analysis




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