Analysis of wave counting:

In the wake of yesterday's strengthening of the dollar, the pair USD / CHF could not continue the designated upward movement and fell to the level of 0.9640 in the afternoon. It can be assumed that despite such a decline in prices, the currency pair still remained in the formation stage of the increasingly complex form of the 3rd wave in the composition of the future wave C. At the same time, the current wave pattern still allows the currency pair to resume the decline of quotations to the level of the 94th figure, which in turn will lead to a revision of the already established wave counting of the entire wave B.

The objectives for an upward wave option:

0.9763 - 61.8% of Fibonacci

0.9805 - 76.4% of Fibonacci

Goals for a downward wave option:

0.9395 - 76.4% of Fibonacci

0.9315 - 100.0% of Fibonacci

General conclusions and trading recommendations:

Currently, wave counting is not entirely unambiguous. The wave E, B can be completed. In this case, the increase in quotations will continue in the future within the first waves in the future C with the targets being about 0.9763 and 0.9805, which is equivalent to 61.8% and 76.4% of Fibonacci.