USD/CHF turned sharply to the downside ahead of the US elections, and found a bottom at 0.9550 after a three wave decline down from 1.0000 psychological level.

Notice that the market turned up sharply from that area as expected which we see as an impulsive reaction that belongs to a new bullish leg; wave V based on a completed complex correction based on higher time-frame charts.

As such, the current retracement was most-likely only a temporary corrective set-back; ideally wave 4 that seems to have found some support near the 1.0066 level.

More upside could then follow into wave 5).

USD/CHF, 4H