The probability of growth remains.

On the daily chart, the downward third wave of a higher degree (3) of 5 has completed, and a correction as the fourth wave (4) of 5 and the third wave C of (4) are forming. Currently, the third wave of a lower degree iii of C and the fifth wave (v) of iii are developing. If the assumption is correct, the USD/CHF pair will continue to rise toward the levels of 0.8220–0.8400. The critical stop loss level for this scenario is 0.8010.

The USD/CHF pair is trading in a correction trend at 0.8062, locally rising amid the weakening American dollar.

On the daily chart, the USD/CHF pair is actively gaining value: in the middle of last month, quotes reached annual highs around 0.8120 (0.0% correction) and subsequently entered a downward correction.

During the morning session, the USD/CHF pair is consolidating near 0.8090. Market activity remains subdued as traders await the publication of the US labor market statistics at 14:30 (GMT+2) on Thursday, a day earlier due to the Independence Day celebration.