On the intraday chart of USD/CHF we are tracking a corrective wave labeled as a double zig-zag (w,x,y), that seems to be completed, as recent price action broke above the upper corrective channel line, which gives us a sign that more upside may follow. If price continues to go to the upside and breaches previous mid swing x at 0.96501 level, then this would be an other confirmation for higher prices to follow. Invalidation level is at 0.94989 - as long as it hold, we are looking bullish.
USD/CHF, 1H
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