USD/CHF Remains Limited in a Recent Range

Technical Reports

Trading is neutral, as the pair remains bounded in a range of 0.9952/1.0128. The pair’s forecast will remain cautiously bullish while support 0.9952 keeps. Pivot points are at: (S1) 0.9965; (P) 1.0026; (R1) 1.0062.

Overcoming of support 0.9952 will indicate a short term topping. Hitting of 1.0128 will renew larger rise from 0.9186 to key resistance 1.0342.

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.