Analysis of wave counting:

Yesterday's USD/CHF trades started from the upward movement and, having added in price more than 70 percentage point, in the second half of the day was able to work out the mark of 0.9645. The current wave situation makes it possible to assume that the currency pair still remained in the stage of formation of the first generating waves, in the composition of the future 1st wave, in the 1st, in the 5th, in C, in (2), in A, in (B). At the same time, the growth of quotations, which began on Tuesday, can be further developed to the level of the 97th figure, which in turn will lead to an even more complex internal wave structure of the entire 4th wave, in C, in (2), in A, in (B).

Targets for an upward wave option:

0.9635 - 61.8% by Fibonacci

0.9700

Targets for a downward wave option:

0.9551 - 50.0% by Fibonacci

0.9465 - 38.2% by Fibonacci

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave 4, in C, in (2), in A, in (B) can further complicate its structure with targets that are about 97 figures and higher. After the completion of the construction of this wave, the quotations are expected to fall within the limits of wave 1, in 5, in C, in (2), in A, in (B) with targets near the estimates marks of 0.9551 and 0.9465, which corresponds to 50, 0% and 38.2% by Fibonacci.