FX.co ★ USD/CHF wave analysis for September 9, 2011

With the beginning of yesterday’s trading the 1-day recess of the uptrend was over and the USD/CHF advanced further in favour of the US currency. At the same time, given the correlation between the 1st and the 3rd wave we might suppose that the first target for such growth will be located at the level slightly above the 88 or even 89 mark.