Godman Sachs: trading USD/CHF
Analysts at Goldman Sachs point out that USD/CHF is now correcting down in the 4th wave before rising in the 5th impulsive wave. The decline may extend to 0.9313. “Once the market starts to signal that the base is forming, it should be attractive to be long USD/CHF with a stop below 0.9313”, says the bank.
According to Goldman, wave analysis shows that theoretically there’s a possibility of a significant move higher in USD/CHF in the longer term, up to 1.0000.