The forecast for the pair USDCHF on 04.20-24.04

<p>Analysis: within the framework of the daily timeframe, presumably, the formation of the descending third wave of the senior level (3) continues, as part of which the wave 3 of (3) develops. On the 4-hour timeframe, the first wave of the junior level i of 3 was formed and the development of the correction as wave ii of 3 was completed. As part of the hourly timeframe, the development of the third wave iii of 3, as a part of which the formation of the local correction was completed, was completed ( ii) of iii and the development of wave (iii) of iii began. If this assumption is correct, then the pair will continue to decline to the levels of 0.9167 – 0.9000. Critical level for this scenario is 0.9803, in case of breakdown of which the pair will continue to grow to marks 1.0024 – 1.0235. </p>
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<p> The main scenario: “short positions” are relevant from corrections below the level of 0.9803 with the target of 0.9167 – 0.9000. </p>