Franc is still consolidating near its lows. We think, today the price may break this consolidation channel upwards to form a correction to test level of 0.9540 from below. Later, in our opinion, the pair may complete the third wave by falling and reaching the local target at level of 0.9222. After that, the pair may return to level of 0.9540 as the fourth wave and then form the fifth one with the target at 0.8955.