Consolidation of USD/CHF is Extending
Trading in the pair is neutral, as the consolidation from temporary top 1.0037 goes on. Pivot points are at: (S1) 0.9986; (P) 0.9996; (R1) 1.0012.
Trading above 61.8% retracement of 1.0342 to 0.9420 at 0.9990 will bring a test on key resistance 1.0342. Downside should be contained above resistance 0.9835. Resumption of a growth from 0.9420 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.