Analysis of wave counting:

In general, it is expected that during the yesterday's trading, the pair USD / CHF was able to continue the development of the downward movement and to test the level of the 96th figure in the middle of the day. At the same time, it can be assumed that the currency pair remained in the stage of forming the 2nd wave, in the future (C), which by the end of the American session has acquired an entirely completed form. If this is so, then practically from the minimum of the past day, the currency pair may resume the growth of quotations and mark the beginning of the third wave and (C).

Targets for an upward wave option:

0.9687 - 100.0% by Fibonacci

0.9750 - 0.9800

Targets for a downward wave option:

0.9555 - 127.2% by Fibonacci

0.9500

General conclusions and trading recommendations:

Wave counting assumes the completion of the downward wave c, c, E, B. Thus, now the quotations are expected to increase within the first waves in the future C with the first targets located near the mark of 0.9687, which corresponds to 100.0% Fibonacci, and above about 98 figures. The wave E and B may well complicate its internal structure even more, but at the moment it looks quite complete. Leaving below 0.9555 points to an even more complicated wave E and B.