USDCHF Will Make New High After Finding Support On Correction

USDCHF has recently move up to the levels from January highs so we assume that new swing high could be seen, especially if we consider ongoing impulsive count from January lows. Ideally pair is making a big wave C) up on weekly chart that can stop somewhere around 1.0500. As such, at the moment current downward move can be  a corrective fourth wave that will be looking for a base near 0.9400. An impulse up from that region will put new highs in play, but for now we see that latest minor rally was made in three waves, so it's probably wave B) as part of a second zigzag.
USDCHF 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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