FX.co ★ USD/CHF wave analysis for May 12, 2011

In general, as expected, the USD/CHF currency pair resumed growth and continued to form the inner wave structure of the current upside correction. At the same time, such growth of the price is developing in the range of the с wave and in the direction of the estimated correction level 50.0%, which also coincides with the parity of the waves a and c. Besides, it is worth mentioning that given the current dynamics, the price might reach the area of the 91 level.