USDCHF - Expecting a typical 5-wave structure towards 0.9561

From the recent low at 0.9338 established on 2nd March, price made an impulsive move to the upside towards the recent high at 0.9533.

Based on our analysis, we are seeing price developing into a 5-wave structure with wave 1 to 3 being completed, and is now developing wave 4.

We are expecting wave 4 to complete around 0.9466 - 0.9492 area, where price will find support for another push higher towards 0.9561 to complete 5th wave.