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The USDCHF pair seems to be forming a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final wave Ⓩ is now under development.

The wave Ⓩ can end in the form of a standard intermediate zigzag (A)-(B)-(C). Wave (A) is a 5-wave bearish impulse, wave (B) has a horizontal internal structure of a double three W-X-Y.

Thus, the formation of the final intermediate wave (C) is likely in the near future. It is possible that it will be at 76.4% of impulse (A), and will end near 0.871.

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Alternatively, the development of correction (B) could continue. Its structure is similar to the double three W-X-Y.

At the moment, the minor sub-waves W and X have ended. Both of these sub-waves are similar to double zigzags of the minute degree ⓦ-ⓧ-ⓨ.

To confirm this scenario, the last minor wave Y is needed. It can also be a minute double zigzag.

It is likely that the bulls will send the market to the level of 0.960, which is on the resistance line.

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