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FX.co ★ USD/CHF wave analysis for March 25, 2011

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Forex Analysis:::2011-03-25T11:18:28

USD/CHF wave analysis for March 25, 2011

USD/CHF wave analysis for March 25, 2011

As expected, the USD/CHF currency pair passed the 38.2% correction level, started to decline and fell by almost a figure by the end of the day. Therefore, we can suppose that in case of development of the new maintrend downside section, yesterday’s high 0.9123 will complete the estimated 4th wave (in the 5th). At the same time, the first possible tarhet for this 5th wave (in the 5th) might be the 0.8930-0.8320 level.

Analyst InstaForex
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