USDCHF: Minor Pull-back Within Uptrend

FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF accelerated higher at the end of the last week slightly through the upper channel resistance line which is a bullish signal for the pair. As such, we are now observing a new wave count with possible impulsive rally underway to 0.9500 area while 0.9335 is not breached. Notice that current pull-back from the latest high is quite slow which is usually an important sign for a corrective price action. As such this pull-back could represent wave 4 in the middle of ongoing wave 3) that could reach 261.8% extension level of wave 2).
More details at: http://www.ew-forecast.com

Real Time Elliott Wave Analysis: 👉 https://wavetraders.com/

Learn Elliott Waves
👉 https://wavetraders.com/academy/

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.