On the Daily chart of USD/CHF we are looking at a higher degree complex correction, a three wave A-B-C rise of wave IV, that seems to be in action since end of December of 2014. That said as we can see, pair completed a triangle correction in the connecting wave B and made a sharp reversal higher, above the sub-wave D swing. As such we now believe price may unfold a five-wave movement within the final wave C of Y), before making a higher degree impulsive drop towards new lows. Ideally price will make a run towards the 1.0700/1.0750.

USDCHF, 4H