Recoil in USD/CHF Has Accelerated

Trading in the pair is on the upside for 38.2% retracement of 1.0342 to 0.9437 at 0.9783. Pivot points are at: (S1) 0.9538; (P) 0.9600; (R1) 0.9709.

Recoil from 0.9437 accelerated to maximum 0.9720. Trading below minor support 0.9633 will become neutral and bring consolidation.

The pair has defended key support level 0.9443. Uptrend in the pair is possible. The pair can lose upside momentum above 61.8% retracement of 1.0342 to 0.9437 at 0.9996.