Deeper Fall In USD/CHF Is Possible

Technical Reports

Stance of trading is neutral, as the pair is limited in a range above temporary low 0.9900. Trading below 0.9900 will aline support 0.9856. Pivot points are at: (S1) 0.9899; (P) 0.9925; (R1) 0.9942.

Overcoming of support 0.9856 will aline key support level at 0.9787. Trading above minor resistance 0.9957 will back to the upside for retesting 1.0067. Another fall is possible, considering minor resistance 0.9957.

Growth from 0.9787 is resuming the whole uptrend from 0.9186. The rise also should aline key resistance 1.0342. Overcoming of 0.9787 will point out a medium term trend reversal and turn forecast bearish.