Commentary: The USDCHF is in the same exact position as the EURUSD (but inverse). A third wave is either over at 1.1188 or close to over and a 4th wave correction is unfolding now towards Fibo resistance at 1.1328/1.1415 (23.6-38.2% of 1.1785-1.1257).
A new low in wave 5 is expected to complete the larger decline following this corrective advance.
Strategy: Flat (bearish objective hit at 1.1350)