Same story with the USDCHF as well (but as the inverse of the EURUSD and GBPUSD).
“There is little doubt that the advance from .9647 is corrective because a triangle separates the two legs. The only question is whether or not the rally from .9647 is a complete 3 wave rally or just the first wave of a larger more complex correction. Regardless, a bearish bias is warranted against 1.0527.”
Note: the CHF may be the outperformer (along with the Yen) as risk aversion is expected to return (as suggested by stock market wave structure)
STRATEGY: Bearish, against 1.0527, target TBD