Consolidation in USD/CHF Goes On

Technical Reports

Stance of trading in the pair is neutral, as consolidation from 0.9551 continues. Pivot points are at: (S1) 0.9609; (P) 0.9654; (R1) 0.9680.

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. Trading below minor support 0.9595 will back to the downside.

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.