FX.co ★ USD/CHF wave analysis for April 19, 2011

During the whole previous day the USD/CHF was making attempts to finish the formation of inner wave structure of the 3rd wave, of the whole downside section initiated in early April. At the same time, given the possibility of the 5th wave in this 3rd to be truncated, we might suppose it will be completed near the 89 figure level. If so, we might expect yesterday’s upside movement to develop to the levels of 90 or 91 figures.