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The pair USD/CHF remains likely to fall. Estimated pivot point is at a level of 0.9919.
Main scenario: short positions should be considered from corrections below the level of 0.9919 with a target of 0.9717 – 0.9656.
Alternative scenario: breakout and consolidation above the level of 0.9919 will allow the pair to continue the rise up to the levels of 1.0022 – 1.0121.
Analysis: Supposedly, an ascending correction of senior level finished developing in the form of wave (2) on the daily time frame and wave (3) has started forming. A local correction ii of 1 of (3) has formed…
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