Analysis of wave counting:
Despite the low activity during yesterday's trading session, the USD/CHF pair still managed to update the previously reached low and work out the mark of 0.9915. In this case, the wave d, in b, in c, in a, in C, took a fully completed form. If this is the case, the currency pair can begin to decline and return to the area of the mark of 0.9830, or even test the level of the 98th figure before switching to the stage of formation of the future wave с, in с, in а, and in С.
Goals for the option with an upward wave:
1,0004 - 127.2% Fibonacci retracement
1,0050 - 161,8% by Fibonacci
Targets for a downlink wave option:
0.9801 - 38.2% Fibonacci retracement
General conclusions and trading recommendations:
The currency pair continues to build an upward set of waves. The assumed wave b, in c, in a, and in C resumed its formation with targets located near the estimated mark of 0.9801, which corresponds to 38.2% of Fibonacci. After its completion, the price quote is expected to resume its uptrend with targets above the par value.
