FX.co ★ USD/CHF wave analysis for January 17, 2011

During Friday the USD/CHF currency pair was trading in a quite narrow price range. At the same time, the Thursday’s low was broken, which can indicate complicating wave situation in the range of the с wave of the whole corrective movement developed since January 11. It is worth mentioning that if the price resumes downside movement it can reach 0.9565 – 0.9540 corresponding with estimated correction level 50.0%.