Daily Pivots: (S1) 0.9213; (P) 0.9236; (R1) 0.9279; More….

Intraday bias in USD/CHF remains neutral first. Further rise will remain mildly in favor as long as 0.9090 support holds. break of 0.9372 will resume the choppy rally from 0.8925 to 0.9471 high. However, break of 0.9090 will turn bias back to the downside for 0.8925 support instead.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

USD/CHF edged higher to 0.9341 last week but retreated since then. It’s basically still stuck in range trading below 0.9372 resistance. Initial bias is neutral this week first. For now, further rise will remain mildly in favor as long as 0.9090 support holds. break of 0.9372 will resume the choppy rally from 0.8925 to 0.9471 high. However, break of 0.9090 will turn bias back to the downside for 0.8925 support instead.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into a long term corrective pattern, at least until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9175; (P) 0.9206; (R1) 0.9234; More….

Intraday bias is back on the upside in USD/CHF with break of 0.9250. Further rise would be seen back to 0.9341 resistance first. Break will target 0.9372. On the downside, below 0.9176 will resume the fall form 0.9341 to 0.9090 support. Firm break there will argue that choppy rise from 0.8925 has completed, and turn near term outlook bearish.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9175; (P) 0.9206; (R1) 0.9234; More….

With 0.9250 minor resistance intact, further fall is still mildly in favor in USD/CHF, to 0.9090 support. Firm break there will argue that choppy rise from 0.8925 has completed, and turn near term outlook bearish. Nevertheless, above 0.9250 will turn bias back to the upside for 0.9341, and then 0.9372 instead.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9172; (P) 0.9197; (R1) 0.9215; More….

Outlook in USD/CHF is unchanged and intraday bias remains mildly on the downside. Deeper fall would be seen to 0.9090 support. Firm break there will argue that choppy rise from 0.8925 has completed, and turn near term outlook bearish. Nevertheless, above 0.9250 will turn bias back to the upside for 0.9341, and then 0.9372 instead.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9172; (P) 0.9197; (R1) 0.9215; More….

Intraday bias in USD/CHF remains mildly on the downside and deeper fall would be seen to 0.9090 support. Firm break there will argue that choppy rise from 0.8925 has completed, and turn near term outlook bearish. Nevertheless, above 0.9250 will turn bias back to the upside for 0.9341, and then 0.9372 instead.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9184; (P) 0.9230; (R1) 0.9257; More….

Intraday bias in USD/CHF remains on the downside for 0.9090 support. Firm break there will argue that choppy rise from 0.8925 has completed, and turn near term outlook bearish. Nevertheless, above 0.9250 will turn bias back to the upside for 0.9341, and then 0.9372 instead.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9184; (P) 0.9230; (R1) 0.9257; More….

Intraday bias in USD/CHF remains mildly on the downside for deeper fall. But overall, with 0.9090 support intact, choppy rise from 0.8925 should extend higher. On the upside, above 0.9276 will turn bias back to the upside for 0.9341, and then 0.9372. However, strong break of 0.9090 will argue that rise from 0.8925 is over, and turn near term outlook bearish.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9233; (P) 0.9288; (R1) 0.9324; More….

With break of 0.9243 minor support, intraday bias in USD/CHF is back on the downside for deeper fall. Overall, with 0.9090 support intact, choppy rise from 0.8925 should extend higher. Above 0.9341 will target 0.9372 and then 0.9471. However, strong break of 0.9090 will argue that rise from 0.8925 is over, and turn near term outlook bearish.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9233; (P) 0.9288; (R1) 0.9324; More….

Intraday bias in USD/CHF remains neutral for the moment. Overall, with 0.9090 support intact, choppy rise from 0.8925 should extend higher. On the upside, above 0.9341 will target 0.9372 and then 0.9471. However, break of 0.9342 minor support will turn bias back to the downside for 0.9090 support.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9291; (P) 0.9310; (R1) 0.9331; More….

Intraday bias in USD/CHF is turned neutral with current retreat. Overall, with 0.9090 support intact, choppy rise from 0.8925 should extend higher. On the upside, above 0.9341 will target 0.9372 and then 0.9471. However, break of 0.9342 minor support will turn bias back to the downside for 0.9090 support.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9291; (P) 0.9310; (R1) 0.9331; More….

Intraday bias in USD/CHF remains mildly on the upside for retesting 0.9372 resistance first. Break will resume the choppy rise from 0.8925 to 0.9471. On the downside, below 0.9243 minor support will turn intraday bias neutral first. Overall, choppy rise from 0.8925 would still extend higher as long as 0.9090 support holds, even in case of deep retreat.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

USD/CHF’s break of 0.9276 resistance last week suggests that corrective fall from 0.9372 has completed at 0.9090. Initial bias remains on the upside this week for 0.9372 first. Break will resume the choppy rise from 0.8925 to 0.9471. On the downside, below 0.9243 minor support will turn intraday bias neutral first. Overall, choppy rise from 0.8925 would still extend higher as long as 0.9090 support holds, even in case of deep retreat.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into a long term corrective pattern, at least until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More….

Intraday bias in USD/CHF remains on the upside for 0.9372 first. Firm break there will target 0.9471 resistance next. On the downside, below 0.9243 minor support will turn intraday bias neutral first. Overall, choppy rise from 0.8925 would still extend higher as long as 0.9090 support holds, even in case of deep retreat.

In the bigger picture, the corrective structure of the rebound from 0.8925 argues that fall from 0.9471 is not complete yet. It could either be the second leg of pattern from 0.8756 (2021 low), or resuming larger down trend from 1.0237 (2018 high). We’d pay attention to the downside momentum and assess the odds later. But for now, medium term outlook will be neutral at best as long as 0.9471 resistance holds.

Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More….

USD/CHF’s break of 0.9276 resistance suggests that pull back from 0.8925 has completed already. Intraday bias is on the upside for 0.9372 first. Firm break there will target 0.9471 resistance next. On the downside, below 0.9243 minor support will turn intraday bias neutral first.

In the bigger picture, the corrective structure of the rebound from 0.8925 argues that fall from 0.9471 is not complete yet. It could either be the second leg of pattern from 0.8756 (2021 low), or resuming larger down trend from 1.0237 (2018 high). We’d pay attention to the downside momentum and assess the odds later. But for now, medium term outlook will be neutral at best as long as 0.9471 resistance holds.

Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More….

USD/CHF rises further to as high as 0.9256 so far today and focus is now on 0.9276 resistance. Break there should resume the choppy rise from 0.8925 through 0.9372 resistance. On the downside, firm break of break of 0.9084 support will argue that choppy rise from 0.8925 has completed, and bring deeper fall back to 0.8925.

In the bigger picture, the corrective structure of the rebound from 0.8925 argues that fall from 0.9471 is not complete yet. It could either be the second leg of pattern from 0.8756 (2021 low), or resuming larger down trend from 1.0237 (2018 high). We’d pay attention to the downside momentum and assess the odds later. But for now, medium term outlook will be neutral at best as long as 0.9471 resistance holds.

Daily Pivots: (S1) 0.9114; (P) 0.9136; (R1) 0.9164; More….

USD/CHF is still bounded in range of 0.9090/9276 and intraday bias remains neutral. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 has completed. Fall from 0.9471 might be ready to resuming. Further decline would be seen back to 0.8925 support first. On the upside, above 0.9276 will target 0.9372 resistance instead.

In the bigger picture, the corrective structure of the rebound from 0.8925 argues that fall from 0.9471 is not complete yet. It could either be the second leg of pattern from 0.8756 (2021 low), or resuming larger down trend from 1.0237 (2018 high). We’d pay attention to the downside momentum and assess the odds later. But for now, medium term outlook will be neutral at best as long as 0.9471 resistance holds.

Daily Pivots: (S1) 0.9114; (P) 0.9136; (R1) 0.9164; More….

Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 has completed. Fall from 0.9471 might be ready to resuming. Further decline would be seen back to 0.8925 support first. On the upside, above 0.9276 will target 0.9372 resistance instead.

In the bigger picture, the corrective structure of the rebound from 0.8925 argues that fall from 0.9471 is not complete yet. It could either be the second leg of pattern from 0.8756 (2021 low), or resuming larger down trend from 1.0237 (2018 high). We’d pay attention to the downside momentum and assess the odds later. But for now, medium term outlook will be neutral at best as long as 0.9471 resistance holds.

Daily Pivots: (S1) 0.9114; (P) 0.9136; (R1) 0.9164; More….

USD/CHF’s rebound from 0.9090 extends higher but stays in established range. Intraday bias remains neutral first. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 has completed. Fall from 0.9471 might be ready to resuming. Further decline would be seen back to 0.8925 support first. On the upside, above 0.9276 will target 0.9372 resistance instead.

In the bigger picture, the corrective structure of the rebound from 0.8925 argues that fall from 0.9471 is not complete yet. It could either be the second leg of pattern from 0.8756 (2021 low), or resuming larger down trend from 1.0237 (2018 high). We’d pay attention to the downside momentum and assess the odds later. But for now, medium term outlook will be neutral at best as long as 0.9471 resistance holds.