Analysis of wave counting:
After failing to resume the upward movement, on the yesterday's wave of weakening of the dollar the USD/CHF pair lost more than 70 percentage point and at the end of the day reached the level of 0.9840. At the same time, there were grounds for considering the maximum of last Friday as a peak that somewhat complicated its wave structure, waves a, c, a, and c. If this is so, yesterday's decline in quotes led the currency pair to the final stage of wave b, in c, in a, in C, the calculated goals of which can be located up to the level of the 98th figure.
Targets for an upward wave option:
1.0004 - 127.2% by Fibonacci
1.0050 - 161.8% by Fibonacci
Targets for a downward wave option:
0.9801 - 38.2% by Fibonacci
General conclusions and trading recommendations:
The currency pair continues to build an upward set of waves. The assumed wave b, in a, in C has completed its construction near the mark of 0.9728, which corresponds to 50.0% of Fibonacci. Now the construction of the wave b, in c, in a, in C has begun and continues with the targets on the approach to the mark of 0.9801, which corresponds to 38.2% of Fibonacci.
