An upward trend is weakening. A fall is expected in the medium-term.

Assumingly, an upward correction within wave B in the form of a double zigzag wxy is nearing the end. Locally, a Bullish impulse within wave (c) of y of B seems to be finishing and if the assumption is correct, the pair starts falling within wave C of 2 after a breakdown of the level of 0.9830.

Trading tips

Sell the pair after the breakdown and consolidation below the level of 0.9830 with targets at 0.9500, 0.9400.

Alternative scenario

Buy the pair after the consolidation above the level of 1.0070 with targets at 1.0150, 1.0270.

USD/CHF: wave analysis

USD/CHF: wave analysis

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