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Tuesday, January 21, 2014

USD/CHF - Look for a minor correction before higher in the impulsive wave.

USD/CHF

We have seen a nice five wave rally of the 0.8984 low confirming, that wave (iii) higher towards at least 0.9518 is developing.
Short term we have seen red wave i to 0.9132 and an expanded flat red wave ii is ongoing. We should expect the c wave of the expanded flat to decline towards 0.9040 before red wave iii is ready to take over.

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