Rise In USD/CHF Continues

Technical Reports

Trading is on the upside for key resistance 1.0067. Hitting of 1.0007 will indicate a near term topping. Pivot points are at: (S1) 1.0045; (P) 1.0072; (R1) 1.0112.

Overcoming of resistance 1.0067 will indicate resumption of larger growth from 0.9186 to key resistance 1.0342. In case of forming a near term top, trading will be turned back to the downside for support zone 0.9848/9954.

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.