Daily Pivots: (S1) 0.9571; (P) 0.9604; (R1) 0.9631; More…
USD/CHF surges to as high as 0.9677 as rise from 0.9186 resumed. The break of 0.9626 key fibonacci resistance as more credence to the case of medium term reversal. Intraday bias stays on the upside and further rise should be seen to 0.9900 fibonacci level next. On the downside, break of 0.9576 minor support is needed to be the first sign of short term topping. Otherwise, outlook will remain bullish in case of retreat.