Growth Resumption In USD/CHF

Technical Reports

Trading is on the upside for resistance 1.0067. Hitting of 0.9954 will indicate a short term topping and bring deeper pull back to support 0.9848. Pivot points are at: (S1) 1.0022; (P) 1.0038; (R1) 1.0067.

Overcoming of resistance 1.0067 will indicate resumption of larger growth from 0.9186 to key resistance 1.0342. The pair’s forecast will remain bullish while resistance turned support 0.9954 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.