FX.co ★ Wave analysis of the USD/CHF currency pair for November26, 2009

After yesterday’s dynamic price decline on the USD/CHF currency pair, probably, we will be able to see not less dynamic rebound today. It is due to several factors; firstly, the significant in all aspects parity level is broken through, secondly, the price very clearly worked out the correlation of 1.618 between the waves of 1 and 2 of the descendant trend new part. Besides, the low bound of the current downside corridor lies near this level. We are waiting for rebound to the parity level.
Best regards,
analyst: Alexander Dneprovskiy.