FX.co ★ Wave analysis of the USD/CHF pair. A weekly review.

Last week the USD_CHF pair price managed to break the level of 1.0325, having formed a five-wave structure of the expected C-wave of the whole downfalling trend. Thus, having fixated under the correctional level of 76.4%, the frank has a good opportunity to lower from the mark of 1.0155 (88,6% of correction), having developed the prolongation in the 5th wave (in C). At the same time it is needed to mention, that the indicators which are placed next to the oversold zone for a long period of time, are signaling about fatigue of a descending trend, in this respect, the rebound in favor of the American currency can occur much earlier.