Trend Reversal in USD/CHF is Possible
Trading in the pair is neutral, as a consolidation below 0.9726 continues. Pivot points are at: (S1) 0.9664; (P) 0.9689; (R1) 0.9735.
Overcoming of resistance 0.9699 suggests near term trend reversal after defending key support 0.9443. Trading above 0.9726 will target 38.2% retracement of 1.0342 to 0.9437 at 0.9783.
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.