During Friday’s trading the USD/CHF continued to grow and stopped its upside movement 15 points from the 78 figure level by the end of the day. At the same time, given the current wave situation we might suppose that the price is ending the formation of a quite prolonged 3rd wave within the whole upside section initiated August 9 from the 0.7085 level. If so, it is possible that the price will try to indicate the top of the current 1st wave (or a) near the 0.7850 level.
