Analysis of wave counting:
Starting yesterday's trading with a downward movement, the USD/CHF pair lost more than 70 percentage point in price and in the second half of the day was able to re-work the mark of 0.9840. It can be assumed that the currency pair remained in the stage of forming the wave b, in c, in a, in C, considerably complicating its internal wave structure. If this is the case, then during the development of the wave c, in b, in c, in a, in C, the currency pair may continue to decline and test the level of the 98th figure. At the same time, the current wave situation allows the probability of the resumption of the growth of quotations and the beginning of the formation of the future wave c, in c, in a, in c, practically from the lows reached yesterday.
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 c, in a, in C, may have already completed its construction. Now the construction of the wave c,in c, in a, in C has started and may continue with targets near parity and higher.
