Analysis of wave counting:
Having rebounded from the mark of 0.9520, yesterday's USD / CHF trades began with a slowly developing upward movement and reached the level of 0.9565 in the afternoon. The resulting wave situation allows us to assume that the currency pair continued to make attempts to transition to the stage of formation of the first generating waves in the composition of the future wave 5, C, (2), A, (B). At the same time, the currency pair retains the potential for resuming the growth of quotations and further complicating the internal wave structure of the entire wave 4, C, (2), A, (B).
The objectives for the option with an upward wave:
0.9635 - 61.8% of Fibonacci
The objectives for the option with a downward wave:
0.9358 - 23.6% of Fibonacci
0.9400 - 0.9300
General conclusions and trading recommendations:
The currency pair continues to build a downward set of waves. The assumed wave 4, C, (2), A, (B) has complicated its internal structure and can continue the construction with targets located near the calculated mark of 0.9635, which corresponds to 61.8% of Fibonacci. After its completion, the quotations are expected to fall in the region of about 94 and 93 figures.
