FX.co ★ USD/CHF wave analysis for 3 June 2010

All day long yesterday the price of the USD/CHF was fluctuating in very narrow range around the level of 1.1550. Because of long-drawn sideways trend it seems that the currency pair accumulates potential ahead a new cycle of the US dollar strengthening to targets, which are a lot higher than the finished off level of 1.1700. The wave plotting most likely will be corrected.