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Main scenario: After the correction, short positions should be considered below the level of 0.9222 with a target of 0.8730 – 0.8325.
Alternative scenario: Breaking and consolidating above the 0.9222 level will allow the pair to continue rising to the 0.9451 – 0.9838 levels.
analysis: A bearish fifth wave of larger degree (5) is supposed to unfold on the daily time frame. As part of it, wave 1 of (5) was formed, the upward correction was completed with the appearance of the second wave 2 of (5), and the third wave 3 of (5) began to appear. The first wave of smaller degree i of 3 has formed on the H4 time frame, with wave (iii) of i completing as part of it. It is clear that a local corrective wave ii of 3 is developing on the H1 time frame, where wave (a) of ii is forming. If this assumption is correct, then… US Dollar to Swiss Franc The pair will continue to fall to 0.8730 – 0.8325 after the end of the second corrective wave of 3. The 0.9222 level is considered crucial in this scenario. Breaking it will allow the pair to continue rising to the levels of 0.9451 – 0.9838.
USDCHF real-time price chart
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