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FX.co ★ USD/CHF wave analysis for May 5, 2011

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Forex Analysis:::2011-05-05T08:13:20

USD/CHF wave analysis for May 5, 2011

USD/CHF wave analysis for May 5, 2011

During yesterday’s trading the USD/CHF currency pair observed the target level 0.8570 and the inner wave structure of the 5th wave, in the 5th, became quite complete. If so, we might expect a continuous and deep correction from the reached low (0.8560). In the meantime, the franc upside dynamics does not look exhausted, which keeps the targets near the 82 figure level.

Analyst InstaForex
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