USD/CHF: Short Term Top Is Projected

Technical Reports

Trading is on the upside for resistance 1.0067, as growth from 0.9541 continues. The forecast will stay bullish in case of retreat. Pivot points are at: (S1) 0.0.9863; (P) 0.9894; (R1) 0.9955.

Overcoming of minor support 0.9889 will point out a short term topping. In that case, lengthier consolidation is forecast.

The growth from 0.9186 is likely resuming, as the pullback from 1.0067 has completed at 0.9541. Overcoming of 1.0067 will bring retest of key resistance 1.0342. Upside should b limited by strong resistance from 1.0342. Another medium term fall to extend long term range trading is awaited.