Daily Pivots: (S1) 1.0012; (P) 1.0034; (R1) 1.0048; More…

USD/CHF’s break of 0.9968 suggests that correction from 1.0094 short term top has resumed. Intraday bias is turned back to the downside for 38.2% retracement of 0.9541 to 1.0094 at 0.9883. For now, we’d expect strong support from there to contain downside to bring rebound. Rise from 0.9541 is still in favor to resume. Break of 1.0094 will target 1.0342 key resistance next. However, decisive break of 0.9848 support will indicate reversal and turn outlook bearish.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading. However, firm break of 0.9848 near term support will dampen this view and bring deeper decline back to 0.9541 support and possibly below.

Daily Pivots: (S1) 1.0012; (P) 1.0034; (R1) 1.0048; More…

At this point USDCHF remains bounded in range of 0.9968/1.0094 and intraday bias stays neutral. On the downside, break of 0.9968 will extend the correction from 1.0094 short term top towards 0.9848 support next. On the upside, decisive break of 1.0094 as well as 1.0067 key resistance will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading. However, firm break of 0.9848 near term resistance will dampen this view and bring deeper decline back to 0.9541 support and possibly below.

Daily Pivots: (S1) 1.0023; (P) 1.0046; (R1) 1.0069; More…

USD/CHF stays in range of 0.9968/1.0094 and intraday bias remains neutral. On the upside, decisive break of 1.0094 as well ass 1.0067 key resistance will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. On the downside, below 0.9968 will extend the correction from 1.0094 towards 0.9848 support next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading. However, firm break of 0.9848 near term resistance will dampen this view and bring deeper decline back to 0.9541 support and possibly below.

Daily Pivots: (S1) 1.0023; (P) 1.0046; (R1) 1.0069; More…

Intraday bias in USD/CHF remains neutral as it’s staying in range of 0.9968/1.0094. On the upside, decisive break of 1.0094 as well ass 1.0067 key resistance will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. On the downside, below 0.9968 will extend the correction from 1.0094 towards 0.9848 support next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading. However, firm break of 0.9848 near term resistance will dampen this view and bring deeper decline back to 0.9541 support and possibly below.

Daily Pivots: (S1) 0.9986; (P) 1.0017; (R1) 1.0067; More…

USD/CHF rebounds further today but stays below 1.0094. Intraday bias remains neutral first. Considering bearish divergence condition in 4 hour MACD, a short term top is possibly in place at 1.0094. On the downside, below 0.9968 will extend the decline from 1.0094 into 0.9848/9954 support zone. On the upside, though, break of 1.0094 and sustained trading above 1.0067 will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading. However, firm break of 0.9848 near term resistance will dampen this view and bring deeper decline back to 0.9541 support and possibly below.

Daily Pivots: (S1) 0.9986; (P) 1.0017; (R1) 1.0067; More…

Intraday bias in USD/CHF remains neutral at this point. Considering bearish divergence condition in 4 hour MACD, a short term top is possibly in place at 1.0094. On the downside, below 0.9968 will extend the decline from 1.0094 into 0.9848/9954 support zone. On the upside, though, break of 1.0094 and sustained trading above 1.0067 will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading. However, firm break of 0.9848 near term resistance will dampen this view and bring deeper decline back to 0.9541 support and possibly below.

USD/CHF edged higher to 1.0094 but failed to sustain above 1.0067 key resistance and retreated. Nonetheless, with a temporary low formed at 0.9968, initial bias is neutral this week first. A short term top is possibly in place considering bearish divergence condition in 4 hour MACD. On the downside, below 0.9968 will extend the decline from 1.0094 into 0.9848/9954 support zone. On the upside, though, break of 1.0094 and sustained trading above 1.0067 will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading. However, firm break of 0.9848 near term resistance will dampen this view and bring deeper decline back to 0.9541 support and possibly below.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9984; (P) 1.0038; (R1) 1.0076; More…

Current development suggests that 1.0094 is at least a near term top, after failing to sustain above 1.0067 resistance. Intraday bias will remain mildly on the downside for 0.9848/9954 support zone. On the upside, though, break of 1.0094 and sustained trading above 1.0067 will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9984; (P) 1.0038; (R1) 1.0076; More…

Intraday bias in USD/CHF remains neutral first. Considering bearish divergence condition in 4 hour MACD, break of 1.0007 minor support will suggests near term reversal. Intraday bias will be turned back to the downside for 0.9848/9954 support zone. On the upside, though, break of 1.0094 and sustained trading above 1.0067 will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 1.0045; (P) 1.0072; (R1) 1.0112; More…

Intraday bias in USD/CHF is turned neutral as the pair fails to sustain above 1.0067 key resistance and retreats sharply. Considering bearish divergence condition in 4 hour MACD, break of 1.0007 minor support will suggests near term reversal. Intraday bias will be turned back to the downside for 0.9848/9954 support zone. On the upside, though, break of 1.0094 and sustained trading above 1.0067 will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 1.0045; (P) 1.0072; (R1) 1.0112; More…

Intraday bias in USD/CHF remains on the upside for the moment, with focus on 1.0067 key resistance. Sustained break of 1.0067 will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. However, break of 1.0007 minor support will be the first sign of near term topping. Intraday bias will be turned back to the downside for 0.9848/9954 support zone.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 1.0022; (P) 1.0038; (R1) 1.0067; More…

USD/CHF rises to as high as 1.0076 so far and breaches 1.0067 resistance. Intraday bias remains on the upside at this point. Sustained break of 1.0067 will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. In any case, near term outlook will remain bullish as long as 0.9954 resistance turned support holds. However, break of 0.9954 will confirm short term topping and bring deeper pull back to 0.9848 support and below.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 1.0022; (P) 1.0038; (R1) 1.0067; More…

Intraday bias in USD/CHF remains on the upside for 1.0067 resistance. Decisive break there will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. In any case, near term outlook will remain bullish as long as 0.9954 resistance turned support holds. However, break of 0.9954 will confirm short term topping and bring deeper pull back to 0.9848 support and below.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9984; (P) 1.0004; (R1) 1.0041; More…

USD/CHF’s break of 1.0026 suggests resumption of rise from 0.9541. Intraday bias is turned back to the upside for 1.0067 resistance. Decisive break there will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. In any case, near term outlook will remain bullish as long as 0.9848 support holds.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9984; (P) 1.0004; (R1) 1.0041; More…

USD/CHF recovers today but stays below 1.0026 temporary top. Intraday bias remains neutral at this point. With 0.9848 support intact, further rise is in favor in the pair. On the upside, break of 1.0026 will resume the rally from 0.9541 and target 1.0067 resistance first. Decisive break there will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. However, break of 0.9848 support will indicate near term reversal, on bearish divergence condition in 4 hour MACD, and turn outlook bearish.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9948; (P) 0.9987; (R1) 1.0011; More…

USD/CHF is staying in consolidation below 1.0026 temporary top and intraday bias remains neutral. Near term outlook remains bullish with 0.9848 support intact and further rise is in favor. On the upside, above 1.0026 will target 1.0067 resistance first. Decisive break there will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. However, break of 0.9848 support will indicate near term reversal, on bearish divergence condition in 4 hour MACD, and turn outlook bearish.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9948; (P) 0.9987; (R1) 1.0011; More…

Intraday bias in USD/CHF remains neutral for consolidation below 1.0026 temporary top. Overall, near term outlook stays bullish as long as 0.9848 support holds. Above 1.0026 will target 1.0067 resistance first. Decisive break there will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. However, break of 0.9848 support will indicate near term reversal, on bearish divergence condition in 4 hour MACD, and turn outlook bearish.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

USD/CHF rose further to 1.0026 last week but retreated sharply since then. Initial bias is neutral this week first. Near term outlook stays bullish as long as 0.9848 support holds. Above 1.0026 will target 1.0067 resistance first. Decisive break there will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. However, break of 0.9848 support will indicate near term reversal and turn outlook bearish.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9963; (P) 0.9990; (R1) 1.0026; More…

USD/CHF’s rally is still in progress and intraday bias remains on the upside for 1.0067 resistance. Decisive break there will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. On the downside, below 0.9955 minor support will turn intraday bias neutral first. But near term outlook will remain bullish as long as 0.9848 support holds.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9963; (P) 0.9990; (R1) 1.0026; More…

Intraday bias in USD/CHF remains on the upside with 0.9955 minor support intact. Current rise should target 1.0067 resistance next. Decisive break there will confirm resumption of larger rise from 0.9186 and should target 1.0342 key resistance next. On the downside, below 0.9955 minor support will turn intraday bias neutral first. But near term outlook will remain bullish as long as 0.9848 support holds.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.