Bounce of USD/CHF Has Resumed

Technical Reports

Trading is on the upside for 0.9866 key resistance level (61.8% retracement of 1.0067 to 0.9541 at 0.9866), as growth from 0.9541 extends. Pivot points are at: (S1) 0.9685; (P) 0.9734; (R1) 0.9822.

The recoil reaches maximum 0.9782. Overcoming of key resistance level 0.9866 will bring retest of high 1.0067. Trading below minor support 0.9700 will become neutral.

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.