Today during the Asian session, the USD/CHF pair is growing slightly, renewing record highs since November 2020.

The USD/CHF pair corrects upwards, trading at 0.9088.

The pair may grow.

On the daily chart, the downward first wave of the higher level (1) of 3 developed, within which the fifth wave 5 of (1) formed. Now, an upward correction has started to develop as the wave (2), within which the first wave of the lower level i of A of (2) is forming. If the assumption is correct, the pair will grow to the levels of 0.9214–0.9316. In this scenario, critical stop loss level is 0.8757.

On the D1 chart, the price reversed from 0.8900 (ratio 23.6%) and, having broken through a number of resistances and descending fan lines, rose to 0.9095 (ratio 61.8%). It is the key for the "bulls"; its breakdown will give the prospect of further growth to 0.9170 (November highs) and 0.9285 (ratio 100.0%). The level of 0.8975 (ratio 38.2%), supported by the midline of Bollinger Bands is the key for the "bears". After its breakdown, the price may return to 0.8900 and 0.8780 (ratio 0.0%). Technical indicators don't provide a clear signal: Bollinger Bands are directed upwards, and MACD histogram is growing in the positive zone, indicating the preserved potential for an upward movement. But Stochastic has approached the overbought zone, showing the possibility of a correction.