Elliott Wave Analysis: USD/CHF Impulsively Heads Higher; 1.0000 In View

USD/CHF is in a sharp rise for the last few days, currently with increasing bullish momentum since market found support at 0.9766 area. So it appears that wave three is already in progress, currently with subwave three headed up to 1.0000 psychological level based on short-term cycles. For long-term view, we see pair at start of a new bully phase which may continue as long as 0.9640 remains untouched.


USD/CHF 4-Hour Chart

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