USD/CHF Wave analysis and forecast for 13.06 – 20.06: The pair is undergoing correction. A chance of the rise in the pair is preserved.
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Estimated pivot point is at the level of 0.8906.
Our opinion: Buy the pair above the level of 0.8906 with the target of 0.9150 – 0.9200.
Alternative scenario: Breakout of the level of 0.8906 will allow the pair to continue the decline to the levels of 0.88 – 0.87.
Analysis: Presumably, the formation of ascending trend continues, within which the third wave will be developed. Locally, downward correction is being formed as the second wave (ii) of iii. If this assumption is correct, following the completion of the correction, it makes sense to expect that the pair will continue to grow up to the levels of 0.91 – 092. Critical level for this scenario is the level of 0.8906.
