USD/CHF: Rise Is Accelerating

Technical Reports

Trading is on the upside, as growth accelerated and reached maximum 1.0033. Break of 0.9961 will bring more sideway trading below 1.0056. Pivot points are at: (S1) 0.9967; (P) 0.9997; (R1) 1.0055.

Overcoming of maximum 0.1.0056 will renew uptrend from 0.9186 and aline 61.8% projection of 0.9186 to 1.0056 from 0.9787 at 1.0325, which is close to 1.0342 key resistance.

Growth from 0.9186 is currently viewed as a leg inside the long term range pattern, which could prolong while 38.2% retracement of 0.9186 to 1.0056 at 0.9724 keeps. Upside should be bounded by strong resistance from 1.0342. Overcoming of 0.9724 will bring deeper drop to 61.8% retracement at 0.9518.