Trend Reversal in USD/CHF is Awaited

Trading in the pair is neutral. Pivot points are at: (S1) 0.9708; (P) 0.9741; (R1) 0.9772.

Overcoming of resistance 0.9699 suggests near term trend reversal after defending key support 0.9443. Further increase in the pair is possible.

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.