USD/CHF: Growth Resumption Is Expected
Trading is neutral, as the pair is staying in a range of 0.9968/1.0094. Pivot points are at: (S1) 1.0023; (P) 1.0046; (R1) 1.0069.
Overcoming of resistance 1.0067 will indicate resumption of larger growth from 0.9186 to key resistance 1.0342. Trading below 0.9968 will extend the correction from 1.0094 towards support 0.9848.
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.