Trend Reversal in USD/CHF is Possible

Trading in the pair is on the upside. Further increase is awaited to 38.2% retracement of 1.0342 to 0.9437 at 0.9783. Pivot points are at: (S1) 0.9637; (P) 0.9682; (R1) 0.9730.

Overcoming of resistance 0.9699 suggests near term trend reversal after defending key support 0.9443. Trading below minor support 0.9633 will become neutral and bring a 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.