FX.co ★ USD/CHF wave analysis for January 21, 2011

Another attempt to test the correction level 0.9540 resulted in the USD/CHF thrown back from the day’s lows by 1.5 figures. This scenario supposes the possibility of developing upside movement in the direction of January 11 high (0.9783). At the same time the whole correction structure of the 2nd wave (or b) might be considered complete.