USD/CHF: wave analysis on 29.05.2015

May 29, 2015

The pair is expected to grow.

Supposedly, the bearish correction within a zigzag-shaped wave 2 of senior level has finished forming. Apparently, a bullish impetus is forming now, with a wave (iii) of i developed and a correction (iv) nearing completion within. If this assumption is correct and the price does not break the critical level 0.9285, it's logical to expect the pair to continue rising to a level of 0.9620.

Trading tips

Buy the pair from corrections above a level of 0.9285 with a target at 0.9620.

Alternative scenario

Breakout and consolidation below the level of 0.9285 will allow the pair to continue declining to the levels 0.9100–0.9000.

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