Neutral Trading In USD/CHF

Technical Reports

Trading is neutral, as the pair recovered after hitting 0.9700. Strong support above low 0.9541 should bring a recoil. Pivot points are at: (S1) 0.9620; (P) 0.9661; (R1) 0.9699.

Overcoming of resistance 0.9757 will aline 0.9866 key resistance level, 61.8% retracement of 1.0067 to 0.9541 at 0.9866. Trading above 0.9700 will point out resumption of the recoil from 0.9541 and aline resistance 0.9757.

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.