FX.co ★ The USD/CHF wave analysis for January 6, 2011

High volatility on the currency markets allowed the USD/CHF pair to climb more than two figures. At the same time, such dynamic growth formed a slightly prolonged internal 5-wave structure of the estimated wave a (1) that looks quite complete by now. If so, we can expect a correction movement from yesterday’s level 0.9680 in the direction of 0.9535 – 0.9500.