The USD/CHF pair is under correction, still likely to grow. Estimated pivot point is at a level of 0.9797.
Main scenario: long positions will be relevant from corrections above the level of 0.9797 with a target of 0.9975 – 1.0010.
Alternative scenario: breakout and consolidation below the level of 0.9797 will allow the pair to continue declining to the levels at 0.9656 – 0.9556.
Analysis: Supposedly, an ascending correction of senior level in the form of wave (2) finished developing on the daily time frame and wave (3) started forming. The first counter-trend wave 1 of (3) is forming as…
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