Decline in USD/CHF Has Resumed

Technical Reports

Trading in the pair is on the downside for support 0.9548 and below, as fall from 1.0342 resumes. Pivot points are at: (S1) 0.9552; (P) 0.9643; (R1) 0.9693.

Bottoming is awaited, as the pair approaches key support level 0.9443.

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.