USD/CHF: Fall Resumption Is Not Excluded
Trading tone is neutral, as the pair holds below resistance 0.9766. Pivot points are at: (S1) 0.9698; (P) 0.9727; (R1) 0.9778.
Overcoming of 0.9640 will point out resumption of the fall from 1.0067 for fibonacci level 0.9523. Hitting of 0.9766 will indicate completion of the fall from 1.0067. In that case, trading will back to the upside for support turned resistance 0.9866.
Drop from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523. Growth from minimum 0.9186 has completed at 1.0067, after failing to sustain above resistance 1.0037. Hitting of support turned resistance 0.9866 will point out completion of the fall from 1.0067. Growth resumption from 0.9186 is awaited.