Elliott Wave Analysis USDCHF
Elliott Wave Analysis USDCHFSupposedly completed a major correction in the 4th wave, which has become a double zigzag (w) (x) (y). At the moment, formed wave in the form of a pulse and if the assumption is true, after correction of the local non-breaching the critical level of 0.9570, the price will continue the downward trend in favor of the Swiss franc. But considering the possible strengthening of the franc, technically, we should not overlook the fact that the Swiss National Bank is closely following the rate of the franc in the case of strong fortifications, may conduct intervention aimed at weakening the national currency.
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