USD CHF Elliott Wave Analysis (Daily Candles)
Primary USD CHF Elliott Wave Analysis
The USD CHF has likely made a bottom today at 0.7728. The wave count can finally be satisfied in this area and we have also reached wave equality between the medium term A and C waves and long term wave (Y) would be just beyond 0.618 times the magnitude of long term wave (W). We also rebounded strongly off the bottom of a channel the USD CHF has been holding the entire year. All of this acts as evidence for a turn in the USD CHF here. A break above the top of the channel and 0.8500 will build confidence and allow for accelerated gains.