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    USD/CHF: wave analysis on 29.01.2016

    A decline is still possible.

    Assumingly, an upward correction as wave ii of C has finished forming within which a double zigzag (w)(x)(y) has formed. Locally, the last wave c of (y) seems to have finished forming within the second zigzag. If the assumption is correct, after the breakdown of the level of 1.0108, the pair continues falling to 0.9500 within the third wave. A critical for this scenario is the level of 1.0323.

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