FX.co ★ USD/CHF wave analysis for July 1, 2011

Dynamic growth of the USD/CHF currency pair allowed it to break the upper limit of the downside corridor and fixate near the 84 figure level. At the same time, as a result of such growth, the price formed a 5-wave structure of the estimated a wave of a more continuous and deep correction. If so, the pair might decline from current levels (or the levels near 0.8475) within the future b wave.