USD/CHF Wave analysis and forecast for 07.03 – 14.03: Downtrend will continue. A chance of decline. Estimated pivot point is at the level of 0.8895.
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Our opinion: Sell the pair from correction below the level of 0.8895 with the target of 0.87.
Alternative scenario: Breakdown and consolidation above the level of 0.8895 will enable the pair to continue growth to the level of 0.90.
Analysis: Presumably, the formation of the downtrend in the wave (c) is ongoing. At the moment it is likely that the third wave iii of 5 of (c) is nearing completion. If this assumption is true, the pair will continue to decline to the level of 0.87.
