Further Increase in USD/CHF is Awaited

Trading in the pair is neutral, as the consolidation from temporary top 1.0037 goes on. Pivot points are at: (S1) 0.9860; (P) 0.9915; (R1) 0.9949.

Further growth in the pair is expected. Overcoming of 1.0047 will prolong the growth from 0.9420 and target maximum 1.0342. Break of 0.9835 will point out completion of the recoil from 0.9420.

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.