Recovery in USD/CHF is Expected

Technical Reports

Trading in the pair is on the downside, as fall continues and reaches minimum 0.9560. Pivot points are at: (S1) 0.9568; (P) 0.9607; (R1) 0.9637.

Bottoming is awaited, as the pair approaches key support level 0.9443. Trading above minor resistance 0.9646 will become neutral. Recovery in the pair is awaited.

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.