USD/CHF Can Move Towards 0.9900-0.9930 Support

First leg down on USD/CHF from 1.0056 unfolded as an EW leading diagonal, followed by recent contracting range which looks like a triangle placed in wave b. This triangle can be ending based on current development, so be aware of lower prices within current pullback that can take price towards 0.9900-0.9930 area, where we would expect a new turn higher next week.

USD/CHF, 1-Hour Chart

USD/CHF, Intraday Chart

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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