Daily Pivots: (S1) 0.9214; (P) 0.9259; (R1) 0.9285; More….

Intraday bias in USD/CHF remains mildly on the downside. Correction from 0.9471 could extend to 0.9221 support and below. But we’d expect strong support from 38.2% retracement of 0.8756 to 0.9471 at 0.9198 to contain downside and bring rebound. On the upside, above 0.9350 minor resistance will bring retest of 0.9471 high. However, sustained break of 0.9198 will bring deeper decline to 61.8% retracement at 0.9029.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9269; (P) 0.9295; (R1) 0.9322; More….

Intraday bias in USD/CHF stays mildly on the downside for now. Correction from 0.9471 is in progress for 0.9221 support. But we’d expect strong support from 38.2% retracement of 0.8756 to 0.9471 at 0.9198 to contain downside and bring rebound. On the upside, above 0.9350 minor resistance will bring retest of 0.9471 high. However, sustained break of 0.9198 will bring deeper decline to 61.8% retracement at 0.9029.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9269; (P) 0.9295; (R1) 0.9322; More….

Deeper decline could be seen in USD/CHF as correction from 0.9471 extends. But we’d expect strong support from 38.2% retracement of 0.8756 to 0.9471 at 0.9198 e to contain downside and bring rebound. On the upside, above 0.9350 minor resistance will bring retest of 0.9471 high. However, sustained break of 0.9198 will bring deeper decline to 61.8% retracement at 0.9029.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9275; (P) 0.9335; (R1) 0.9368; More….

USD/CHF’s correction from 0.9471 short term top is extending lower today. Deeper fall could be seen to 38.2% retracement of 0.8756 to 0.9471 at 0.9198. We’d expect strong support from there to contain downside and bring rebound. On the upside, above 0.9350 minor resistance will bring retest of 0.9471 high. However, sustained break of 0.9198 will bring deeper decline to 61.8% retracement at 0.9029.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9275; (P) 0.9335; (R1) 0.9368; More….

USD/CHF is staying in consolidation below 0.9471 and intraday bias remains neutral first. Overall outlook will remain bullish as long as 0.9221 support holds. On the upside, sustained break of 61.8% retracement of 0.9901 to 0.8756 at 0.9464 will extend the rise from 0.8756 towards 0.9901 resistance next. However, on the downside, break of 0.9221 will bring deeper correction to 55 day EMA (now at 0.9189) and below.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9332; (P) 0.9385; (R1) 0.9417; More….

Intraday bias in USD/CHF stays neutral for the moment. Some more consolidations could be seen below 0.9471. But overall outlook will remain bullish as long as 0.9221 support holds. On the upside, sustained break of 61.8% retracement of 0.9901 to 0.8756 at 0.9464 will extend the rise from 0.8756 towards 0.9901 resistance next.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9332; (P) 0.9385; (R1) 0.9417; More….

Intraday bias in USD/CHF remains neutral for the moment. Some more consolidations could be seen below 0.9471. But overall outlook will remain bullish as long as 0.9221 support holds. On the upside, sustained break of 61.8% retracement of 0.9901 to 0.8756 at 0.9464 will extend the rise from 0.8756 towards 0.9901 resistance next.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9409; (P) 0.9422; (R1) 0.9439; More….

Intraday bias in USD/CHF is turned neutral for now. A temporary top was formed at 0.9471 after hitting 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Some consolidations could be seen, but further rally is expected as long as 0.9221 support holds. On the upside, sustained break of 0.9464 will extend the rise from 0.8756 towards 0.9901 resistance next.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9410; (P) 0.9435; (R1) 0.9465; More….

Intraday bias in USD/CHF stays on the upside at this point. Firm break of 61.8% retracement of 0.9901 to 0.8756 at 0.9464 will extend the rise from 0.8756 towards 0.9901 resistance next. On the downside, below 0.9369 minor support will turn intraday bias neutral again. But overall outlook will remain bullish as long as 0.9221 support holds.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9410; (P) 0.9435; (R1) 0.9465; More….

Intraday bias in USD/CHF remains on the upside as rise from 0.8756 is still in progress. Firm break of 61.8% retracement of 0.9901 to 0.8756 at 0.9464 will target 0.9901 resistance next. On the downside, below 0.9369 minor support will turn intraday bias neutral again. But overall outlook will remain bullish as long as 0.9221 support holds.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9390; (P) 0.9415; (R1) 0.9444; More….

USD/CHF’s rally is still in progress and intraday bias stays on the upside. Current rise from 0.8756 should target 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next. On the downside, below 0.9369 minor support will turn intraday bias neutral again. But overall outlook will remain bullish as long as 0.9221 support holds.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9390; (P) 0.9415; (R1) 0.9444; More….

Intraday bias in USD/CHF remains on the upside for the moment. Current rise from 0.8756 should target 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next. On the downside, below 0.9369 minor support will turn intraday bias neutral again. But overall outlook will remain bullish as long as 0.9221 support holds.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9374; (P) 0.9390; (R1) 0.9409; More….

Intraday bias in USD/CHF is back on the upside as recent rally resumes. Current rise from 0.8756 should target 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next. On the downside, below 0.9369 minor support will turn intraday bias neutral again. But overall outlook will remain bullish as long a s0.9221 support holds.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9374; (P) 0.9390; (R1) 0.9409; More….

Intraday bias in USD/CHF remains neutral for consolidations below 0.9416. Downside should be contained well above 0.9221 support to bring rally resumption. On the upside, break of 0.9416 will extend the rise from 0.8756 to 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9375; (P) 0.9396; (R1) 0.9410; More….

Intraday bias in USD/CHF is turned neutral with 4 hour MACD crossed below signal line. Some consolidations could be seen first. But outlook stays bullish as long as 0.9221 support holds. Break of 0.9416 will extend the rise from 0.8756 to 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9375; (P) 0.9396; (R1) 0.9410; More….

Intraday bias in USD/CHF stays on the upside at this point. Current rise form 0.8756 should target 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next. On the downside, break of 0.9212 support is needed to confirm short term topping. Otherwise, outlook will stay mildly bullish in case of retreat.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

USD/CHF’s rise from 0.8756 resumed by breaking through 0.9374 resistance. Further rise is expected this week as long as 0.9212 support holds. next target is 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next. On the downside, break of 0.9212 support is needed to confirm short term topping. Otherwise, outlook will stay mildly bullish in case of retreat.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

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) 0.9340; (P) 0.9354; (R1) 0.9372; More….

Intraday bias in USD/CHF remains on the upside at this point. Current rise from 0.8756 is in progress for 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next. On the downside, break of 0.9212 support is needed to confirm short term topping. Otherwise, outlook will stay mildly bullish in case of retreat.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9340; (P) 0.9354; (R1) 0.9372; More….

USD/CHF’s break of 0.9374 resistance confirms resumption of rise from 0.8756. Intraday bias is back on the upside for 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Break there will target 0.9901 resistance next. On the downside, break of 0.9212 support is needed to confirm short term topping. Otherwise, outlook will stay mildly bullish in case of retreat.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9340; (P) 0.9354; (R1) 0.9372; More….

Intraday bias in USD/CHF remains neutral at this point. Focus stays on 0.9374 resistance. Firm break there will resume larger rise from 0.8756. Next target is 61.8% retracement of 0.9901 to 0.8756 at 0.9464. Rejection by 0.9374 will bring another fall to extend the consolidation. But downside should be contained by 38.2% retracement of 0.8869 to 0.9374 at 0.9181 to bring rebound.

In the bigger picture, fall from 1.0237 should have completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.