Analysis of wave counting:
The pair's attempt to resume the expected upward movement, during yesterday's trading, was unsuccessful, and already in the middle of the day the USD/CHF pair stopped the growth of quotations at several points from the level of price parity. It is possible to assume that the currency pair can complete the 4th wave and go to the stage of formation of the 5th wave, in the 3rd, in C. If this is so, and this 4th wave, in the 3rd, in C still does not take an even more complicated form, the currency pair will continue to develop an upward movement towards the level of 1.0100.
Targets for an upward wave option:
1.0022 - 76.4% by Fibonacci
1.0080 - 1.0100
Targets for a downward wave option:
0.9900 - 0.9950
General conclusions and trading recommendations:
The construction of the rising set of waves continues. The increase in prices may resume within wave 5, in 3 in future C with targets near the estimated level of 1.0022, which equates to 76.4% Fibonacci, and above, about 101 figures. Within the limits of the corrective wave 4 in the composition of 3, in C, the quotes may continue to decline with the targets in the range 0.9900 - 0.9950, but the wave already looks quite complete.
