FX.co ★ Wave analysis of the USD/CHF currency pair for November 29, 2017

Analysis of wave counting:

During yesterday's trading, the USD/CHF pair continued its slow withdrawal from the lows reached on Friday (0.9770) and at the end of the day was able to work out the mark of 0.9850. The wave situation that develops in this case makes it possible to assume that, just as before, the currency pair made attempts to complete the entire 4th wave, in a, in C, and transition to the stage of formation of the first generating waves in the future 5th wave, in a, in C. If this is the case, then the currency pair may have good prospects for the growth of quotes in the direction of the level of price parity.

Targets for an upward wave option:

1.0080 - 1.0100

Targets for a downward wave option:

0.9750 - 0.9800

General conclusions and trading recommendations:

The currency pair continues to build an upward set of waves. The assumed wave 4, in a, in C has completed its construction. If this is true, then the pair's quotations will continue to rise within wave 5, in a, in C with targets located near the price parity.