The USD/CHF pair is showing mixed trading, consolidating near 0.8750. Market activity remains subdued as investors await the release of November US labor market statistics, suggesting they could significantly influence future US Federal Reserve monetary policy decisions.

During the Asian session, the USD/CHF pair is trading above the support level of 0.8715, trying to continue growth after the publication of macroeconomic data.

Growth is possible.

On the daily chart, an upward correction ended as the second wave of the higher level 2, and the downward third wave 3 develops, within which the wave (1) of 3 formed, and an upward correction develops as the wave (2) of 3. Now, the wave А of (2) has ended, and a local correction has formed as the wave B of (2), within which the wave c of B has formed. If the assumption is correct, the price will grow within the wave c of (2) to the area of 0.9110–0.9241. In this scenario, critical stop loss level is 0.8661.

Against the unstable dynamics of the American currency, the USD/CHF pair is trading in a corrective trend at 0.8723.

On the D1 chart, the price is actively decreasing: this week, the quotes fell below the 0.8815 mark (61.8% retracement) and are breaking through the counter ascending fan to the target of 0.8575 (100.0% retracement). The key for the "bulls" is the 0.8895 mark (50.0% retracement), supported by the central line of Bollinger Bands; after its breakout, one should expect a resumption of growth to the levels of 0.8970 (38.2% retracement) and 0.9060 (23.6% retracement).