USD/CHF: Wave Analysis and Forecast for 08.04 – 15.04
USD/CHF: Wave analysis and forecast: Downtrend continues.
Estimated pivot point is at the level of 0.9643.
Our opinion: Sell the pair from correction below the level of 0.9643 with the target of 0.9390 – 0.9245.
Alternative scenario: Breakout and consolidation of the price above the level of 0.9643 will allow the pair to continue the rise up to 0.9787.
Analysis: Presumably, the formation of the downward impetus continues in the third wave iii of C. At the moment it is likely that the third wave of the junior level (iii) of iii is being developed, within which the extension is likely to develop. If this assumption is correct, the pair will continue to decline to 0.9390 – 0.9245. Critical level for this scenario is 0.9643.
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