An upward trend is strong.

Supposedly, a formation of the third wave of the senior level 3 continues, within which the third wave of the junior level (iii) of 3 is forming. If the assumption is correct, the pair continues growing towards 0.9840. A critical for this scenario is the level of 0.9396.

Trading tips

Buy the pair above the level of 0.9396 with the target at 0.9840.

Alternative scenario

The breakdown and consolidation below 0.9396 would allow the pair to fall to 0.9100, 0.9000.

USD/CHF: wave analysis

USD/CHF: wave analysis

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