Correction in USD/CHF Continues

Trading in the pair is neutral, as the consolidation continues. Pivot points are at: (S1) 0.9656; (P) 0.9689; (R1) 0.9707.

Overcoming of key resistance 0.9772 will point out completion of a downtrend from 1.0342. Trading below minor support 0.9587 will back to the downside for retesting of a minimum 0.9420.

A medium term forecast will stay bearish as long as resistance 0.9772 keeps. Downtrend from 1.0342 could prolong to 38.2% retracement of 0.7065 to 1.0342 at 0.9090. Overcoming of 0.9772 will indicate that the pair has defended key support 0.9443.