Analysis of wave counting:
As expected, the USD/CHF pair started trading with an upward movement and, adding more than 180 percentage point in the price, managed to reach the mark of 0.9975 in the middle of the Friday session. Thus, it can be assumed that, having completed the wave b, in a, in (C), the currency pair has transitioned to the stage of formation of the first generating waves in the composition of the future wave c, in a, in (C). If this is the case, the wave b, in a, in (C), will not take an even more complicated form, then the currency pair can continue the indicated growth of quotations in the direction of the targets for this future wave c, in a, in (C) for the level of price parity.
Targets for an upward wave option:
1.0022 - 76.4% by Fibonacci
1.0120 - 100.0% by Fibonacci
Targets for a downward wave option:
0.9728 - 50.0% by Fibonacci
0.9656 - 61.8% by Fibonacci
General conclusions and trading recommendations:
The trading instrument continues to build the upward wave (C). The increase in quotes may continue this week with targets near the estimated levels of 1.0022 and 1.0120, which equates to 76.4% and 100.0% of Fibonacci, within the wave c, in a, in (C). The assumed wave b, in a, in (C) completed its construction near the mark of 0.9728.