Price Moves in USD/CHF Are Corrective

Technical Reports

Trading in the pair is neutral, as a corrective price actions above 0.9613 continue.

Bottoming in the pair is awaited. Overcoming of 0.9807 level will point out near term trend reversal and forecast will become bullish for resistance 1.0099. Fall from 1.0342 can prolong to support 0.9548.

The pair is limited in a medium term range of 0.9443/1.0342. Downside should be limited by key support level 0.9443. Overcoming of key resistance 1.0342 will confirm bullish momentum in the pair.