USD/CHF Wave analysis and forecast for 28.02 – 07.03: The pair is likely to grow. Estimated pivot point is at the level of 0.8800.

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Our opinion: Buy the pair above the level of 0.8800 with the target of 0.92 – 0.93.
Alternative scenario: Breakdown and consolidation below the level 0.8800 will enable the pair to continue decline to the levels of 0.87 – 0.86 within long-term downtrend.
Analysis: Presumably, the formation of the downward correction within the second wave, which has a shape of a complete Zigzag, has completed. If this assumption is true, it makes sense to expect the rise in price to the level of 0.92 – 0.93 within the third wave.

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