The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 0.9980.
Main scenario: short positions will be relevant from corrections below the level of 0.9980 with a target of 0.9717 – 0.9656.
Alternative scenario: breakdown and consolidation above the level of 0.9980 will allow the pair to continue the rise up to the levels of 1.0121 – 1.0230.
Analysis: Supposedly, an ascending correction of senior level finished developing in the form of wave (2) on the daily time frame and wave (3) has started forming. On the H4 time frame, local correction ii of 1 of (3) has formed and wave iii of 1 of (3) has started developing, with a counter-trend wave of junior level (i) of iii formed inside. Apparently, local correction (ii) of iii has formed on the H1 time frame. If the presumption is correct, the pair will resume falling to the levels of 0.9717 – 0.9656. The level of 0.9980 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels 1.0121 – 1.0230.