The probability of growth remains.

On the daily chart, the descending third wave of the higher degree (3) of 5 has been completed, and an upward correction is currently developing as the fourth wave (4) of 5. On the four-hour time frame, wave A of (4) is visible, while the correction has completed as wave B of (4), and wave C of (4) is currently forming, including the third junior level iii of C. If this scenario proves correct, the USD/CHF pair’s upward trend is expected to continue toward the 0.8100–0.8220 zone, with a critical stop-loss level at 0.7870.

During the morning session, the USD/CHF pair is trading in a corrective trend at 0.7955, declining downwards under pressure on the American dollar.

During the morning session, the USD/CHF pair is correcting after the Friday growth, testing 0.7930 for a breakdown, while investors await the emergence of new drivers for movement.

On the 4-hour chart in the range of 0.7871–0.7940, a candle analysis pattern Three Advancing White Soldiers appeared, which helped strengthen the instrument's position to the level of 0.8008, while a Bull Engulfing Pattern formed in the area of 0.7975, also indicating the potential of the “bulls”. 

This week, the USD/CHF pair resumed growth and is currently testing 0.7925 (Fibonacci correction 61.8%), supported by several factors, the most important of which is the monetary one.