Today, during the Asian session, the USD/CHF pair is actively declining, renewing local lows of March 12. The US currency has been declining for the eighth consecutive session, due to diversification of investor portfolios against the backdrop of the success of the EU economy.

The pair is falling.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 1 of (3) forms. Now, the third wave of the lower level (iii) of 1 is developing, within which a local correction has ended as the wave iv of (iii), and the wave v of (iii) is forming. If the assumption is correct, the pair will fall to the levels of 0.9323–0.9170. In this scenario, critical stop loss level is 0.9530.

On the H4 chart, a downtrend is forming. The instrument is trading in the channel formed by the lines of Bollinger Bands; the indicator cloud is narrowed, the preservation of the lateral trend is possible in the short term. The MACD histogram is at the zero level with its volumes minimal; the signal line is directed upwards; in case of crossing the zero level, a buy signal will be generated. Stochastic is at the border of the neutral zone with the oversold zone, and the lines of the oscillator are directed downwards. The sell signal remains.