FX.co ★ USD/CHF Wave Analysis for August 25, 2011

Yesterday USD/CHF was still within the borders of the horizontal corridor, marked by the maximum of August 17 (0.8010) and minimum of the 19th (0.7815). Thus, it can be assumed that till the price lives this corridor it will be too early to speak about the finishing of the expected 2nd wave (or b). At the same time as we mentioned the possibility of the uprising movement renewal (within the future 3rd wave or c) is vivid.