USD/CHF: Trend Reversal Is Expected

Technical Reports

Trading is neutral, and break of minor support 1.0007 will suggest a near term trend reversal. Pivot points are at: (S1) 0.9984; (P) 1.0038; (R1) 1.0076.

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.