Analysis of wave counting:

In general, the USD/CHF trades are expected to continue its downward movement and. About 55 pp have been lost in the middle of the day and tested the level of the 97th figure. In this case, the internal wave structure of the entire wave c, in b, in a, and in C has been entirely completed. If this is the case, a fairly strong divergence of the MACD indicates a repeated breakdown level achieved yesterday can lead to price reversal in favor of the dollar. A transition of the currency pair could lead to the formation of the future wave in a, and in C.

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:

0.9656 - 61.8% by Fibonacci

0.9600

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave b, in a, and in C resumed its formation with targets located near the estimated mark of 0.9656, which corresponds to 61.8% Fibonacci, and lower, about 96 figures. After its completion, it is expected that the quotes will resume its increase with targets that are above the par value. Convergence in the MACD histogram warns about the readiness of the tool to increase.