FX.co ★ USD/CHF wave analysis for July 20, 2011

After demonstrating good dynamics during yesterday’s trading the USD/CHF pair managed to gain over 100 pips. At the same time the wave structure indicated on the graph since the beginning of this week looks like an almost completed correction. If so, the CHF can resume upside movement fromyesterday’s levels or from the 83 figure level declining in the direction of July 13 low within the future 3rd wave, in the 5th.