FX.co ★ USD/CHF wave analysis for March 9, 2011

In general, as expected, the USD/CHF currency pair continued forming inner wave structure of the 4th wave. At the same time during yesterday’s advance its assumed wave с might last up to the next correction level 38.2% near the 94 figure. At the same time, as we mentioned before, current wave structure still allows the possibility of futher downside movement to the estimated target level near the 0.9190 level.