The USD/CHF pair shows mixed trading dynamics, remaining close to 0.9050 and the local highs of June 13, updated the day before. The instrument is preparing to end the week with quite active growth, the main impetus of which came on Thursday, when the meeting of the Swiss National Bank (SNB) took place.

Growth is possible.

On the daily chart, an upward correction ended as the second wave of the higher level 2, and the downward third wave 3 forms, within which the wave (1) of 3 formed, and an upward correction develops as the wave (2) of 3. Now, the wave А of (2) is forming, within which the third wave of the lower level iii of A is developing. If the assumption is correct, the USD/CHF pair will grow to the area of 0.9168–0.9356. In this scenario, critical stop loss level is 0.8876.

The USD/CHF pair is held around 0.8979. The franc continues to lose ground amid the absence of important macroeconomic statistics from Switzerland, as well as stable dollar quotes.

With the Swiss franc weakening following the release of macroeconomic data last week, USD/CHF is trading at 0.8973, approaching the strong resistance level of 0.9000.