Recoil in USD/CHF is Possible

Technical Reports

Trading in the pair is neutral, as recovery goes on. Pivot points are at: (S1) 0.9590; (P) 0.9616; (R1) 0.9661.

Upside of recovery should be limited below resistance 0.9770. Fall from 1.0342 can prolong to key support level 0.9443. Recoil in the pair is possible.

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.