The pair USDCHF is likely to fall. Estimated pivot point is at a level of 1.0029.
Main scenario: short positions will be relevant from corrections below the level of 1.0029 with a target of 0.9656 – 0.9556.
Alternative scenario: breakdown and consolidation above the level of 1.0029 will allow the pair to continue the rise up to the levels of 1.0121 – 1.0230.
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. Presumably, the local correction of junior level ii of 1…
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