FX.co ★ The USD/CHF wave analysis. Week review.

As expected before, the USD/CHF pair has completed the formation of the 2nd wave (or b) and resumed the downward movement which resulted in testing the level of the 96 figure. In the meantime, further development of the wave situation formed since the middle of October is still uncertain since control levels indicating future trend have not been broken yet. However, the franc located near historic lows will probably decline further against the dollar.