Recovery In USD/CHF

Technical Reports

Trading tone is neutral, after recovering from 0.9640. Still, the pair’s forecast will stay bearish for deeper decline, while resistance 0.9766 keeps. Pivot points are at: (S1) 0.9655; (P) 0.9678; (R1) 0.9714.

Overcoming of 0.9640 will point out widening of the fall from 1.0067 to 200% projection of 1.0067 to 0.9866 from 0.9981 at 0.8579. Hitting of 0.9766 will indicate a near term trend reversal.

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.