Elliott Wave Analysis: USDCHF Is Aiming For Higher Levels

USDCHF was in a strong uptrend in the last few months of 2016, so recent sideways price move since mid-December was just another correction or pause within uptrend. We saw it as a complex correction with sub-wave C being an ending diagonal. As such, recent turn up from January 31 low can be start of a new uptrend. If we are on the right side, then be aware of a next strong reaction higher, ideally into a third wave.