Trend Reversal in USD/CHF is Awaited

Technical Reports

Trading is neutral, as the pair is staying in a range of 0.9437/9699. Pivot points are at: (S1) 0.9472; (P) 0.9533; (R1) 0.9569.

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.