FX.co ★ USD/CHF wave analysis for June 28, 2011

The USD/CHF currency pair is still attempting to test the 83 figure level. At the same time the inner wave structure of the 5th wave, in the 5th, is becoming more complicated, which in its turn can lead to a dynamic decline of the price to the 0.8230 level. In the meantime the current MACD divergence supports further cumulated reverse of the market and a switch of the franc price into a continuous upside correction.