FX.co ★ Wave analysis of USD/CHF currency pair for June 23, 2010

Having reached all targets at falling segment formed after June 1, now the price of USD/CHF is trying to form the initial waves of a new upward segment of the trend in favor of the US currency. At the same time, it should be noted that the indicators allow possibility of the beginning of a new Up-trend. If it is true, the formed group of abc waves can turn to be the 4th wave in more complicated 3rd one of the whole main uprising trend. But, it is too early to speak about it.