Recovery of USD/CHF Continues

Trading in the pair is neutral, as the consolidation from temporary top 1.0037 goes on. Pivot points are at: (S1) 0.9945; (P) 0.9969; (R1) 1.0001.

The pair has already met 61.8% retracement of 1.0342 to 0.9420 at 0.9990. Downside should be contained above resistance 0.9835. Overcoming of 1.0037 will back trading to the upside for key resistance 1.0342.

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 0.9736 will indicate completion of the growth from 0.9420.