USD/CHF Wave analysis and forecast of 19.09 – 26.09: Uptrend continues/ Locally, the pair is undergoing correction.

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Estimated pivot point is at the level of 0.93.

Our opinion: Buy the pair from the correction above the level of 0.93 with the target of 0.95.

Alternative scenario: Breakout and consolidation below of the level of 0.93 will make it possible for the pair to continue the decline to the levels of 0.9250 – 0.92.

Analysis: The formation of the ascending momentum in the third wave iii of the senior level continues. Locally, “bullish” impetus in the wave (iii) of iii has completed and local correction as the fourth wave (iv) is moving to the levels of 0.9350 – 0.93.

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