Correction of USD/CHF Might Extend
Trading in the pair is on the downside. The correction from 1.0037 might prolong lower. Pivot points are at: (S1) 0.9694; (P) 0.9721; (R1) 0.9744.
Support from 61.8% retracement of 0.9420 to 0.1.0037 at 0.9656 will contain downside. Overcoming of 0.9977 will indicate completion of the correction.
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.