Widening of Downtrend in USD/CHF is Possible

Trading in the pair is neutral, as the consolidation continues. Pivot points are at: (S1) 0.9714; (P) 0.9749; (R1) 0.9771.

Overcoming of key resistance 0.9772 will point out completion of a downtrend from 1.0342. Trading can back to the downside for support 0.9587. Break of 0.9587 will bring retesting of 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.