FX.co ★ USD/CHF wave analysis for February 15, 2011

In general, as expected, the USD/CHF currency pair has been declining within the range of the correction structure, formed in relation with the whole dimension of the 3rd wave in the 3rd (3rd or C). At the same time the estimated correction level 38.2% (0.9690) was passed. However, there is a possibility that the wave structure of the 4th wave in this 3rd will become more complex and the price will decline to the next correction level 50.0% located near the 0.9663 level.