FX.co ★ USD/CHF wave analysis for May 4, 2011

During yesterday’s trading the USD/CHF currency pair continued to decline slowly along the forming line of the downside corridor initiated April 1. At the same time, the inner wave structure of the 5th wave, in the 5th, is being formed. Besides, given the wave dimension of this whole downside section of the main trend, the target level at 0.8570 still applies.