Downside of USD/CHF Should be Contained

Trading in the pair is on the upside for support 0.9734. Pivot points are at: (S1) 0.9751; (P) 0.9806; (R1) 0.9840.

Support from 61.8% retracement of 0.9420 to 0.1.0037 at 0.9656 will contain downside. Overcoming of 0.9734 will renew the correction from 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.