The USD/CHF Stays in Consolidation

Trading in the pair is neutral, as consolidation above 0.9551 continues. Pivot points are at: (S1) 0.9609; (P) 0.9652; (R1) 0.9681.

Upside should be limited by resistance 0.9770. Fall from 1.0342 can prolong to key support level 0.9443. Trend reversal 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.