Consolidation in USD/CHF Has Completed

Trading in the pair is on the downside for 0.9551, as consolidation from 0.9551 has completed at 0.9699. Pivot points are at: (S1) 0.9593; (P) 0.9625; (R1) 0.9657.

Upside should be limited by 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.