Short Term Top In USD/CHF

Technical Reports

Trading is neutral, with a possible short term top at 1.0094. Pivot points are at: (S1) 0.9986; (P) 1.0017; (R1) 1.0067.

Overcoming of resistance 1.0067 will indicate resumption of larger growth from 0.9186 to key resistance 1.0342. Trading below 0.9968 will widen the fall from 1.0094 to 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.