Daily Pivots: (S1) 0.9783; (P) 0.9834; (R1) 0.9891; More…
Further rise is expected in USD/CHF as long as 0.9754 minor support holds. Rise from 0.9493 should target 1.0063 high. Decisive break there will resume larger up trend. On the downside, break of 0.9754 will dampen the bullish view and turn bias neutral again first.
In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.
