FX.co ★ Wave Analysis of USD/CHF for August 26, 2010

USD_CHF was not able to form a reversal structure in favor of the American currency. Meanwhile, the price reduced to the low since August 19 (1.0260), thus significantly complicating the already developed wave structure, which can be regarded as a shift to making a complex correctional form shaped as a horizontal wedge, and as a beginning of the formation of a longer 5th wave in B.