Trend is Reversing in USD/CHF

Trading in the pair is on the upside for 61.8% retracement of 1.0342 to 0.9420 at 0.9990. Pivot points are at: (S1) 0.9750; (P) 0.9773; (R1) 0.9805.

Decline from 1.0342 has completed. The trend is reversing.

The pair has defended key support 0.9443. Growth from 0.9420 could develop into a medium term move and target a test on maximum 1.0342. Overcoming of support 0.9587 will indicate completion of the growth from 0.9420.