The Aussie/U.S. dollar currency pair made a strong and firm break below the 0.7512 bearish level and the lower corrective channel line. The U.S. dollar/Swiss franc currency pair is trading higher today, unfolding a nice and clear bullish structure from the 0.9786 low.
On the daily chart of the U.S. dollar/Swiss franc (USD/CHF) currency pair we are looking at a higher degree complex correction, a three wave A-B-C rise, that seems to be in action since end of December of 2014.
U.S. dollar/Swiss franc (USD/CHF) is slow since price fell to 0.9710 last week, so it appears that market is still making wave B pattern that can be an irregular correction.
U.S. dollar/Swiss franc (USD/CHF) currency pair has made a big pullback since end of 2015 that we see it as a corrective and temporary decline. Notice that falling price action was overlapping.
The U.S dollar/Swiss franc (USD/CHF) currency pair is in a deep pullback since December of 2015 when pair found a high at 1.0327, which we think it's a temporary top since we see current big decline as corrective wave IV.
