USD/CHF: Temporary Low Was Formed
Trading is neutral for recovery, with a temporary low at 0.9541. Overcoming of support turned resistance 0.9651 will point out a short term bottoming and aline resistance 0.9757. Pivot points are at: (S1) 0.9551; (P) 0.9575; (R1) 0.9609.
Bottoming sign at fibonacci level 0.9523 should bring a recoil. Break of 0.9523 will bring retest of a low 0.9186.
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.