The pair USD/CHF is still likely to grow. Estimated pivot point is at a level of 0.9801.
Main scenario: long positions will be relevant from corrections above the level of 0.9801 with a target of 1.0099 – 1.0229.
Alternative scenario: breakout and consolidation below the level of 0.9801 will allow the pair to continue declining to a level of 0.9690 – 0.9556.
Analysis: Supposedly, the third wave of senior level (3) continues developing on the D1 time frame, with the first wave 1 of (3) formed inside in the form of a wedge. A downward correction finished forming as the…
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