USD/CHF Daily Outlook

Daily Pivots: (S1) 0.0.9863; (P) 0.9894; (R1) 0.9955; More

USD/CHF’s rally is still in progress and intraday bias stays on the upside. Next target is 1.0067 resistance. On the downside, break of 0.9822 support is needed to indicate short term topping. Otherwise, near term outlook will remain bullish in case of retreat.

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.

Featured Analysis

Learn Forex Trading