On the updated chart of USD/CHF, we see price undergoing a nice sharp and strong rally to the upside, probably as an indication for a reversal. If that is the case, then recent big three wave pattern to the downside is completed and more gains may follow in the near-term.

For a confirmation that the previous pattern is completed, we would need a decisive breach above the previous wave 4 and five minor waves to unfold to the upside. Invalidation level is at 0.9813 - as long as it holds we are looking bullish.

USD/CHF, 4H