FX.co ★ USD/CHF Wave Analysis for September 7, 2010

Yesterday the USD/CHF pair continued the having started on Friday decline versus the US dollar. Besides, it is likely that after the end of the formation of the 4th wave in the 5th (or C) the current decline is developing within the forming 5th wave in the 5th. If it confirms, the price can decline to the mark 1.0050, or even to 1.0030. It should be mentioned that from the above targets a recoil of the market in favour of the US dollar can follow.