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USD/CHF: wave analysis on 12.01.2016

A fall is expected.

Assumingly, an upward correction within wave ii of C has formed. Locally, the third wave iii seems to be developing, within which a starting wave of the junior level (i) has formed and a correction (ii) is finishing. If the assumption is correct and the price does not break out the critical level of 1.0121, the pair continues falling towards 0.9500 within the third wave.

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