Estimated pivot point is at the level of 1.0200.

Our opinion: Sell the pair below the level of 1.0200 with the target of 0.9948 – 0.9866.

Alternative scenario: Breakdown and consolidation of the price above the level of 1.0200 will trigger further rise to 1.0300.

Analysis: Presumably, the formation of the upward correction of the senior level as the second wave 2 has completed. Locally it seems that the first wave of the junior level (i) as a wedge has been formed and the correction as the wave (ii) is nearing completion. If this assumption is correct, the pair will continue to decline to 0.9948 – 0.9866. Critical level for this scenario is 1.0200.

USD/CHF H1

USD/CHF H4




The material published on this page is produced by LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.



!-- Go to www.addthis.com/dashboard to customize your tools -->