FX.co ★ USD/CHF wave analysis for March 29, 2011

As expected, the USD/CHF price started to move away from the correction level 61.8%. At the same time, at the moment we cannot be sure that indicated downside movement can develop into a new continuous sector of the downtrend. Current wave situation allows a possibility of the upside movement to be resumed and the 5-wave structure to be formed on the local uptrend section after March 23.