Growth In USD/CHF Is In Progress
Trading is on the upside for key resistance 1.0067, considering minor support 0.9955. Pivot points are at: (S1) 0.9963; (P) 0.9990; (R1) 1.0026.
Overcoming of resistance 1.0067 will indicate resumption of larger growth from 0.9186 to key resistance 1.0342. Trading below 0.9955 will become neutral. The pair’s forecast will remain bullish while support 0.9848 keeps.
The growth from 0.9186 is likely resuming, as the pull back 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.