Consolidation In USD/CHF

Technical Reports

Trading is neutral for consolidation, as the pair lost some upside impulse after reaching 0.9862. The forecast will stay bullish while minor support 0.9736 keeps. Pivot points are at: (S1) 0.9821; (P) 0.9842; (R1) 0.9862.

Overcoming of key resistance level 0.9866 will bring retest of high 1.0067. Hitting of 0.9736 will indicate completion of the bounce from 0.9541. Deeper fall is not excluded.

Focus is on support turned resistance 0.9866 and growth from 0.9186 is expected to renew. Hitting of support turned resistance 0.9866 will point out completion of the pull back from 1.0067 at 0.9541. Overcoming of 0.9541 will point out widening of the decline. Still, break of low 0.9186 is not expected yet.