The USD/CHF is Losing Upside Momentum

Trading is on the upside, despite the pair is losing upside momentum. Pivot points are at: (S1) 0.9775; (P) 0.9791; (R1) 0.9812.

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.