FX.co ★ Wave analysis of the USD/CHF currency pair for December 9, 2009

Perhaps, after all the USD/CHF currency pair will form five waves as a part of the fifth wave of the US dollar growth current range, after that the deeper correction is supposed to come next. As for now, this upward trend target is 1.0315 corresponding to dimension of 4.236 from 1 wave value. Anyway, judging by strongly overbought indicators the correction is already escalated.

Best regards,

analyst: Alexander Dneprovskiy.