The USD/CHF pair is under correction, still likely to fall. Estimated pivot point is at a level of 0.9974.
Main scenario: short positions will be relevant from corrections below the level of 0.9974 with a target of 0.9556 – 0.9188 once the correction is completed.
Alternative scenario: breakdown and consolidation above the level of 0.9974 will allow the pair to continue the rise up to the levels of 1.0122 – 1.0230.
Analysis: Supposedly, an ascending correction of senior level in the form of the wave (2) finished developing on the D1 time frame and the wave (3) started forming. The…
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