USD/CHF Wave analysis and forecast of 03.10 – 10.10: Ascending trend to remain. The pair is likely to grow.
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Estimated pivot point is at the level of 0.9515.
Our opinion: Buy the pair from corrections above 0.9515 with the target of 0.96 – 0.9650.
Alternative scenario: Breakout and consolidation below the level of 0.9515 will enable the pair to continue to decline to the level of 0.9460.
Analysis: Presumably, an ascending impetus in the third wave of senior level continues to be forming. Locally, the development of the “bullish” impetus in the wave iii of 3 is nearing completion, with the final fifth wave v of (v) of iii developing as its part. If this assumption is correct and the price does not break the critical level of 0.9515, the pair will continue to grow to the levels of 0.96 – 0.9650.
