FX.co ★ Wave analysis of the USD/CHF currency pair for November 30, 2017

Analysis of wave counting:

The attempt to develop a more significant downward movement, during the yesterday's trading was not successful and from the mark of 0.9870, the price of the USD/CHF pair rolled back to the opening levels of the day. Thus, it can be assumed that the currency pair remained in the stage of formation of the first generating waves, in the future 5th wave, in a, in C, probably completing its internal 1st wave, in the 1st. If this is the case, after the corrective decline is completed, the currency pair may resume the growth of quotes in the direction of the price parity level.

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 the case, then the pair's quotations will continue to rise within the limits of wave 5, in a, in C with targets located near the price parity.