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USD/CHF: wave analysis on 04.01.2016

A downward trend is strong. Locally, the pair is in correction.

A formation of wave C of 2 of the senior level continues, within which an impulse structure is expected to develop. Assumingly, an upward correction within wave ii of C is currently nearing the end. If the assumption is correct, the pair continues falling towards the level of 0.9470 after correction ends.

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