The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 0.9797.
Main scenario: short positions will be relevant from corrections below the level of 0.9797 with a target of 0.9556 – 0.9188.
Alternative scenario: breakout and consolidation above the level of 0.9797 will allow the pair to continue the rise up to the levels of 0.9889 – 0.9976.
Analysis: Supposedly, an ascending correction of senior level finished developing in the form of the wave (2) on the D1 time frame. The third wave is forming inside the wave 1 of (3) on the H4…
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