Further Fall in USD/CHF is Awaited

Technical Reports

Trading in the pair is on the downside. Further fall in the pair is awaited. Pivot points are at: (S1) 0.9447; (P) 0.9461; (R1) 0.9478.

The downtrend from 1.0342 can prolong to 161.8% projection of 1.0342 to 0.9860 from 1.0099 at 0.9319. Trading above minor resistance 0.9492 will become neutral. Recovery in the pair is expected.

Overcoming of resistance 0.9699 will widen long term range trading between 0.9443/1.0342. Focus in the pair stays at key support level 0.9443.