The USD/CHF pair is moving within a steady upward trend, forming a corresponding channel.

Against the weakening of the American dollar, the USD/CHF pair dropped to 0.8271, while the franc maintained stable positions against most world currencies.

The probability of a decline remains.

On the daily chart, the downward third wave of a higher degree (3) of 5, the correction as the fourth wave (4) of 5, and the third wave C of (4) have completed. Currently, the fifth wave (5) of 5 is starting, and the leading first wave of a lower degree (i) of i of 1 of (5) is forming. If the assumption is correct, the USD/CHF pair will decline to the area of 0.7946–0.7756. The critical stop loss level for this scenario is 0.8410.