The U.S. dollar/Swiss Franc (USD/CHF) currency pair may have just completed Sub-Wave v) of c at the 0.9602 level, meaning current reversal can already be the start of a bullish reversal. If that is the case, then minor Wave i) can be already in the making followed by its contra reactive Wave ii). If price breaches below the 0.9692 level then we could say, Blue Wave c may still be in the making.
USD/CHF, 1 hour
The USD Index is displaying a Five Wave drop on the intra-day chart with a Three-Wave correction. We see a recent Five Wave impulse as blue Wave i and its correction as Wave ii. Ideally, Wave ii will now search for resistance near the Fibonacci ratio of 61.8 and make a new drop lower into the following wave three.
USD Index, 1 hour
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