USD/CHF: Further Rise Is Expected

Technical Reports

Trading tone is neutral, but further growth is expected, considering minor support 0.9920. Pivot points are at: (S1) 0.9931; (P) 0.9954; (R1) 0.9979.

Overcoming of 0.9984 will bring testing of key resistance 1.0067. Trading below minor support 0.9920 will back to the downside. Another decline for widening the consolidation from 1.0056 is expected.

Growth from 0.9186 is expected to resume to retest key resistance 1.0342, while 38.2% retracement of 0.9186 to 1.0056 at 0.9724 keeps. The consolidation from 1.0056 is extending. Overcoming of fibonacci level 0.9724 will bring deeper drop, as another declining leg in the long term range pattern.