FX.co ★ USD/CHF wave analysis for April 11, 2011

On Friday the USD/CHF currency pair continued downside movement and observed the correction level 76.4% by the end of the day, thus being back to the range of the main downtrend. At the same time, inner wave structure of the с wave of current estimated correction has become quite complex and continuous. Given this, we might suppose that this с wave is approaching its end, which is probably located near 0.9060 – 0.9050.