Daily Pivots: (S1) 0.8001; (P) 0.8038; (R1) 0.8061; More….
Intraday bias in USD/CHF stays neutral, and further decline is in favor with 0.8103 resistance intact. ON the downside, below 0.7999 will target a retest on 0.7871 low. However, break of 0.8103 will turn bias to the upside, and target 0.8170, to extend the corrective pattern from 0.7871.
In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.
