FX.co ★ Wave analysis of the USD/CHF currency pair for February 05, 2010

Yesterday the USD/CHF pair, together with the other European currencies, kept the trend in favor of the US dollar. As of the day beginning,the target for the developing 5th wave is still the level of 1.0735. It should be said that the upper trend boundary in favor of the USD comes near this level, which also starts from the beginning of December. At the same time, according to the internal situation in the 5th wave the mentioned above target may move by 30 points up.

Analyst: Alexander Dneprovskiy.