Daily Pivots: (S1) 1.0034; (P) 1.0063; (R1) 1.0093; More….
Intraday bias in USD/CHF remains neutral for consolidation below 1.0092 temporary top. Downside should be contained by 0.9988 support to bring another rally. On the upside, above 1.0092 will extend the rise from 0.9716 to 1.0128 resistance. Decisive break there will confirm resumption of up trend from 0.9186. Next target will be 100% projection of 0.9541 to 1.0128 from 0.9716 at 1.0303. Though, break of 0.9988 will indicate short term topping and bring deeper pull back.
In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.
