Wave analysis of the USD/CHF currency pair for December 22, 2009

The USD/CHF currency pair is demonstrating the wish to break out the local minimum of last Thursday. Herewith, in case the price is above the level of 1.0500, the nearest target will be 1.0565, where the equality of a and c waves are located. At the same time, the remaining strong divergence of MACD, which may allow the Swiss frank to make a reversal almost at any moment.

Best regards,

Analyst: A. Dneprovskiy.