On Friday, the USD/CHF pair fell, continuing the development of the negative impulse that formed the day before. The reason for the strengthening of the franc was the actions of the Swiss National Bank (SNB), which did not change the parameters of monetary policy.

The pair may grow.

On the daily chart, the development of the third wave of the higher level (3) began, within which the first wave 1 of (3) forms. Now, a local correction has developed as the wave ii of 1, shaped as an irregular flat, within which the wave (c) of ii has formed. If the assumption is correct, the pair will fall within the wave iii of 1 to the levels of 0.9656–0.9556. In this scenario, critical stop loss level is 1.0022.

USD against CHF continues to trade within the wide ascending trend.

On the D1 chart, the price reversed at the lower border of the central Murrey channel at 0.9948 ([3/8]) and began a downward correction.

On the 4-hour chart, the uptrend is still in effect. A downward correction is observed, the instrument is trading between the upper border and the middle line of Bollinger bands, the price range is narrowing. The MACD histogram is in the positive area, the signal line crosses the zero line and the body of the histogram upwards, forming a signal to open long positions. Stochastic is in the overbought zone, the oscillator lines are reversing downwards.