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FX.co ★ Wave analysis of USD/CHF for August 4, 2010

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Forex Analysis:::2010-08-04T12:00:00

Wave analysis of USD/CHF for August 4, 2010

Wave analysis of USD/CHF for August 4, 2010

Having not managed to break through the correctional level of 76.4%, the USD/CHF price can begin moving in favor of the US dollar and finish the formation of wave 5 (in A ?). In any case, the current wave picture inside this 5 allows such possibility of the further perspective development on the Swiss currency. The consideration of target levels of such probable rollback is early because the possibility of continuation of quotations decline to the level of 1.0125 still exists.

Analyst InstaForex
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