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

Amid less risky positions on the stock markets, yesterday the USD/CHF currency pair made an unsuccessful attempt to advance in favour of the franc. At the same time, the inner wave structure of the current downside section looks like an unfinished series of abc correction waves and allowing a possibility of the pair to decline up to the 1.5620 level.