FX.co ★ USD/CHF wave analysis for May 25

During yesterday’s trading session the USD_CHF pair price overcame the reached on May 19 levels and started a slow advance to the earlier mentioned expected target around the mark of 1,1680. Thus, taking into account the overall wave picture of a rising trend starting on April 1, its 5th wave in the 5th has a chance to end right near this target level. If this supposition confirms, choosing the strategy it will be necessary to consider a strong MACD divergence which can provoke a strong retrace after hitting the expected target.