Completion of Recoil in USD/CHF is Expected
Trading in the pair is neutral. Further increase is awaited in the pair. Pivot points are at: (S1) 0.9896; (P) 0.9916; (R1) 0.9955.
The pair should target 61.8% retracement of 0.9420 to 1.0037 at 0.9565. Overcoming of 1.0037 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.