The USD/CHF pair shows an uncertain decline, located near 0.9080. Activity on the market remains quite high; however, not many macroeconomic publications are expected, and traders are analyzing statistics received earlier.

The price is in a correction and a fall is possible.

On the daily chart, the downward third wave of the higher level 3 develops, within which the wave (1) of 3 formed, and an upward correction ends as the wave (2) of 3. Now, the wave C of (2) is ending, within which the third wave of the lower level iii of c of (2) has formed. If the assumption is correct, after the correction, the price will fall to the area of 0.8323–0.8000. In this scenario, critical stop loss level is 0.9240.

The positive dynamics of the USD/CHF pair slowed below 0.9142 against negative American macroeconomic statistics.

Against the positive dynamics of the American dollar, the USD/CHF pair is trading at 0.9129, without any support from Swiss neutral macroeconomic statistics.