Decline of USD/CHF Goes On

Technical Reports

Trading in the pair is on the downside, as fall has resumed. Pivot points are at: (S1) 0.9464; (P) 0.9541; (R1) 0.9590.

Fall from 1.0342 can prolong to key support level 0.9443. Recoil in the pair is possible. Overcoming of resistance 0.9699 will point out short term bottoming.

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.