Dollar / Swiss Franc Bottom at 1.0861 Should Hold

-Bullish against 1.0861, target at 1.15

-Short term support at 1.1067

The USDCHF fell in 5 waves from the November high (1.2303) and a correction of that decline is underway now.

There is a bullish opportunity against 1.0861 and the initial target would be 1.15 (61.8% of 1.2303-1.0367). Since the decline from 1.2303 is an impulse, a drop to new lows is expected once the a-b-c rally is complete.

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