Fall Resumption In USD/CHF
Trading is on the downside for support 0.9848, as break of 0.9908 indicates fall resumption. Trading above minor resistance 1.0008 will indicate completion of the pull back from 1.0128 and back to the upside for retesting high 1.0128. Pivot points are at: (S1) 0.9886; (P) 0.9938; (R1) 0.9981.
Overcoming of support 0.9848 will confirm a near term trend reversal and aline 61.8% retracement of 0.9541 to 1.0128 at 0.9765.
The growth from 0.9541 could have topped at 1.0128. Still, while support 0.9541 keeps, the rise from 0.9186 is expected to resume at a later stage. Hitting of 1.0128 will aline key resistance 1.0342. Break of 0.9514 will pave the way back to low 0.9186.