Analysis of wave counting:
The attempt of the USD/CHF pair, undertaken in the course of yesterday's trading, to continue the development of the downward movement failed, and by the end of the American session the price returned to the opening levels of the day. At the same time, it seems that the currency pair has remained in the formative stage of taking the increasingly complex form of the 2nd wave, in the 1st, in C. If this is so, then despite the remaining potential for a decline to 0.9570, the pair can resume the growth of quotations at any time and continue forming the internal wave structure of the 3rd wave, in the third, in the 1st, in C.
Objectives for an upward wave option:
0.9750 - 0.9800
0.9900
Objectives for a downward wave option:
0.9609 - 50.0% by Fibonacci
0.9570 - 61.8% by Fibonacci
General conclusions and trade recommendations:
The construction of the supposed ascending wave of C is continuing. Thus, it is now possible to raise quotations within the framework of wave 3, in 3, in 1, in C with targets located around 98 figures (the goals will be further specified). The assumed wave 2, at 1, in C looks complete, but can still complicate its internal wave structure.
