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USD/CHF is trading in a slow, choppy and sideways manner during the last few days. This is a personality of a corrective price action.

Therefore, we think that Dollar/Swiss  is trapped in a wave four position, which could be forming a triangle in the 0.9580-0.9760 range.

If that’s the case then the pair will stay in sideways trading for another day or two and then break sharply higher, into wave 5) that could lift the pair to the 0.9830/0.9860 region based on our Fibonacci projected levels.

USD CHF Elliott Wave Analysis Technical trading for forex currencies