Temporary Bottom Was Formed in USD/CHF

Technical Reports

Trading in the pair is neutral, as a temporary bottom was formed at 0.9437. Pivot points are at: (S1) 0.9475; (P) 0.9500; (R1) 0.9549.

The downtrend from 1.0342 can prolong to 161.8% projection of 1.0342 to 0.9860 from 1.0099 at 0.9319. Trend reversal is awaited in the pair.

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.