FX.co ★ Wave analysis of the USD/CHF for October 02, 2009

Extended correction gives a cause to consider the continuing upside mini trend as a forming A-wave, future correctional ABC. Presently, the target level of this correctional A-wave is seen in the range of 1,0460-1.0545. At the same time, too overbought Stochastics forces to think over the long positions opening.

Regards,

Analyst: Alexander Dunin