FX.co ★ USD/CHF Wave Analysis for August 24, 2011

For the last 24 hours the wave situation concerning the USD/CHF pair has not changed much and the price has continued the horizontal motion under the level of the 79th pattern. Thus, the price is making a complex wave structure of a horizontal correction within the assumed 2dn wave (or b). It should be mentioned that despite a slightly extended process of this formation this horizontal correction may get a more complex form. At the same time the possibility of a decline renewal still exists.