Bottoming in USD/CHF is Awaited

Trading in the pair is on the. Pivot points are at: (S1) 0.9503; (P) 0.9569; (R1) 0.9614.

Overcoming of resistance 0.9699 will indicate a short term bottoming. 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.