FX.co ★ USD/CHF wave analysis for March 14, 2011

Friday’s downside movement and the fact that the price managed to fixate blow the 93 figure allow us to suppose that the triangular structure of the 4th wave is completed. If so, the USD/CHF pair can continue declining to the 0.9190 level in the limit of the future 5th wave, and even much lower given a favourable news background.