Growth in USD/CHF Should Extend

Trading in the pair is on the upside. The pull back from 1.0037 should have completed at 0.9734. Pivot points are at: (S1) 0.9844; (P) 0.9865; (R1) 0.9894.

Growth resumption from 0.9420 is awaited to 61.8% projection of 0.9420 to 0.9734 from 1.0047 at 1.0115. The pair can retest 1.0037.

The pair’s trading stays in a range of 0.9420/1.0342 and a medium term forecast is neutral. Overcoming of 1.0342 will confirm resumption of upside momentum.