Daily Pivots: (S1) 0.9599; (P) 0.9618; (R1) 0.9638; More…
Intraday bias in USD/CHF remains neutral for the moment. Focus stays on 0.9626 key fibonacci resistance. Sustained trading above this level will be another evidence of larger reversal. In that case, further rally should be seen back to next fibonacci level at 0.9900. On the downside, though, break of 0.9533 minor support should indicate rejection by 0.9626. Further break of 0.9432 will turn near term outlook bearish for retesting 0.9186 low.