USD/CHF Wave analysis and forecast for 28.03 – 04.04: The pair is likely to grow. Possibility of long-term reversal is not ruled out. Estimated pivot point is at the level of 0.8694.
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Our opinion: Buy the pair from correction above the level of 0.8694 with the target of 0.90 – 0.91.
Alternative scenario: Breakout and consolidation below the level of 0.8694 will enable the pair to continue decline to the level of 0.86.
Analysis: Presumably, the formation of the fifth wave of impetus in the wave (c) of X of a large Zigzag within weekly timeframe has completed. At the moment it is not excluded that the third wave of the ascending impetus is being formed. If this assumption is true, it makes sense to expect that the pair will continue to grow in the third wave.
