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USD/CHF: wave analysis on 22.06.2015

A chance of decline in the pair remains.

Presumably, the formation of the fifth wave continues within the “bearish” five-wave pattern, which is taking a shape of a diagonal. Locally, it seems that the correction of the junior level as the wave (ii) of v, has completed and the third wave (iii) of v is being developed. If this assumption is correct and the price does not break down the critical level of 0.9400, the pair can decline to 0.8900–0.8820.

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