Analysis of wave counting:

After remaining in the range in first half of the day, the USD/CHF pair managed to add around 50 pp in price afterwards and finish yesterday's trading at about 0.9930. The resulting wave situation makes it possible to assume that the currency pair remained in the stage of formation of the first generating waves in the future wave 5, in a, in C. At the same time, the currency pair retained the potential for further complicating the internal wave structure of the 4th wave in a, in C and the resumption of decline in quotes to around 0.9850, or even to the level of the 98th figure.

Targets for an upward wave option:

1.0080 - 1.0100

Targets for a downward wave option:

0.9851 - 61.8% by Fibonacci

0.9807 - 76.4% by Fibonacci

General conclusions and trading recommendations:

The construction of an upward set of waves continues. Presumably, the construction of wave 5, in C, began, which can take a rather complex and extended form, with targets above 101 figures. Wave 4, most likely, completed its construction near the estimated mark of 0.9851, which is equivalent to 61.8% of Fibonacci.