Downside of USD/CHF Should be Contained

Technical Reports

Trading in the pair is neutral, as a price moves from 0.9551 are a corrective. Pivot points are at: (S1) 0.9617; (P) 0.9652; (R1) 0.9675.

Overcoming of 0.9777 level will point out short term trend reversal. 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.