Analysis of wave counting:

In general, it is expected that during the yesterday's trading, the pair USD / CHF started to roll back from the maximum reached earlier, having lost more than 110 percentage points in the price and it was able to work out the mark of 0.9365. Thus, the emerging wave situation allows us to assume that the currency pair remained in the stage of formation of the wave 1, a, 4, C, (2), A, (B), the calculated targets which can be above the level of the 95th figure. At the same time, it should be noted that the currency pair retained the potential for resuming the decline in quotations to the level of 0.9200 and further complicating the internal wave structure of the entire wave 3, C, (2), A, (B).

The objectives for the option with an upward wave:

0.9478 - 38.2% of Fibonacci

0.9548 - 50.0% of Fibonacci

The objectives for the option with an upward wave:

0.9200 - 0.9100

General conclusions and trading recommendations:

The currency pair continues to build a downward set of waves. The assumed wave 3, C, (2), A, (B) once again could complete its construction, however, it may yet again complicate its internal structure and reach the 92nd figure. If the assumption of the beginning of the construction of wave 4, C, (2), A, (B) is true, then the increase in quotations will resume with the targets located near the calculated marks of 0.9478 and 0.9548, which corresponds to 38.2% and 50.0% of Fibonacci.