USD/CHF: Growth Is In Progress
Trading is on the upside, as running increase from 0.9186 continues for resistance 1.0037. Pivot points are at: (S1) 0.9916; (P) 0.9943; (R1) 0.9992.
Trading below minor support 0.9919 will become neutral for consolidation. Overcoming of 1.0037 will aline key resistance level 1.0342.
A medium term fall from 1.0342 has completed down to 0.9186, and growth from that point is currently viewed as a leg inside the long term range pattern. While further increase is expected as long as 0.9648 resistance turned support holds, upside should be bounded by strong resistance from 1.0342.