The pair USD/CHF remains likely to fall. Estimated pivot point is at a level of 0.9761.
Main scenario: short positions should be considered from corrections below the level of 0.9761 with a target of 0.9550 – 0.9500.
Alternative scenario: breakout and consolidation above the level of 0.9761 will allow the pair to continue the rise up to the levels of 1.0022 – 1.0145.
Analysis: On the daily time frame, supposedly, an ascending correction of senior level has finished developing in the form of wave (2) and wave (3) has started forming. The third wave 3 of (3) is developing on the H4 time frame, with the first wave of junior level i of 3 forming inside. On the H1 time frame, apparently a local correction finished developing as wave (iv) of i and wave (v) of i is forming. If the presumption is correct, the pair will continue to drop to the levels of 0.9550 – 0.9500. The level of 0.9761 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels of 1.0022 – 1.0145.