Growth of USD/CHF Should Prolong

Trading in the pair is on the upside. Pivot points are at: (S1) 0.9751; (P) 0.9793; (R1) 0.9817.

Downtrend from 1.0342 has completed. Further growth in the pair is awaited to 61.8% retracement of 1.0342 to 0.9420 at 0.9990.

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.