Growth In USD/CHF Lost Impulse

Technical Reports

Trading is neutral with focus on minor support 0.9911 and break there will indicate completion of the bounce from 0.9862. Price moves from 1.0128 are corrective. Pivot points are at: (S1) 0.9903; (P) 0.9945; (R1) 0.9973.

Trading above 0.9989 will turn trading back to the upside. Hitting of 1.0008 will bring a test on high 1.0128. Strong support from support 0.9848 should bring trend reversal.

Overcoming of 1.0128 will aline key resistance 1.0342. Meanwhile, the medium term growth from 0.9186 hasn’t completed yet. Hitting of support 0.9848 will dampen this bullish view and turn focus back to key support 0.9541.