Growth Resumption in USD/CHF is Awaited

Technical Reports

Trading in the pair is neutral, as the consolidation from temporary top 1.0037 goes on. Pivot points are at: (S1) 0.9986; (P) 1.0011; (R1) 1.0059.

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. Resumption of a growth in the pair is expected.

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.