The price is in a correction and a fall is possible.

On the daily chart, the downward third wave of the higher level 3 develops, within which the wave (1) of 3 formed, and an upward correction ended as the wave (2) of 3. Now, the wave C of (2) is ending, within which the fourth wave of the lower level iv of c of (2) i forming. If the assumption is correct, after the correction, the USD/CHF pair will fall to the area of 0.8323–0.8000. In this scenario, critical stop loss level is 0.9240.

On the D1 chart, the USD/CHF pair is growing within the medium-term uptrend: last week, quotes reached their highest values since October 2022 around 0.9145 (0.0% correction). If this level is broken out, the uptrend will continue with the target of 0.9215 (100.0% expansion), otherwise the decline in quotes will resume to 0.8965 (23.6% correction) and 0.8860 (38.2% correction).

The USD/CHF pair remains in a corrective trend at 0.9122, failing to change its dynamics even with the support of the positive Swiss macroeconomic statistics.

The USD/CHF pair shows an uncertain decline, located near 0.9080. Activity on the market remains quite high; however, not many macroeconomic publications are expected, and traders are analyzing statistics received earlier.

The positive dynamics of the USD/CHF pair slowed below 0.9142 against negative American macroeconomic statistics.