FX.co ★ Wave analysis of the USD/CHF currency pair for June 22, 2010

The breach of the correctional level of 50.0% by the USD/CHF price caused the response of the market that allowed it rebound upwards in favor of the US dollar. At the same time, the prolonged supposed c wave of current correction attracts attention and we can suggest a possibility of its transformation in five-wave structure, which will be a part of more complicated and continuous correctional structure. For now, judging by the indicators placement, the continuation of the started yesterday upward rollback can be expected.