Daily Pivots: (S1) 0.9200; (P) 0.9255; (R1) 0.9288; More….

USD/CHF is staying in consolidation from 0.9374 and intraday bias remains neutral first. In case of another fall, we’d expect downside to be contained by 38.2% retracement of 0.8869 to 0.9374 at 0.9181 to bring rebound. On the upside, firm break of 0.9374 will resume larger up trend to 61.8% retracement of 0.9901 to 0.8756 at 0.9464 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) 0.9200; (P) 0.9255; (R1) 0.9288; More….

Intraday bias in USD/CHF remains neutral at this point. Consolidation from 0.9374 is extending. In case of deeper fall, we’d expect downside to be contained by 38.2% retracement of 0.8869 to 0.9374 at 0.9181 to bring rise rebound. On the upside, firm break of 0.9374 will resume larger up trend to 61.8% retracement of 0.9901 to 0.8756 at 0.9464 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) 0.9200; (P) 0.9255; (R1) 0.9288; More….

Outlook in USD/CHF is unchanged and intraday bias remains neutral first. Consolidation from 0.9374 is extending. In case of deeper fall, we’d expect downside to be contained by 38.2% retracement of 0.8869 to 0.9374 at 0.9181 to bring rise rebound. On the upside, firm break of 0.9374 will resume larger up trend to 61.8% retracement of 0.9901 to 0.8756 at 0.9464 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) 0.9256; (P) 0.9288; (R1) 0.9324; More….

Intraday bias in USD/CHF remains neutral as consolidation from 0.9374 is extending. In case of deeper fall, we’d expect downside to be contained by 38.2% retracement of 0.8869 to 0.9374 at 0.9181 to bring rise rebound. On the upside, firm break of 0.9374 will resume larger up trend to 61.8% retracement of 0.9901 to 0.8756 at 0.9464 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) 0.9256; (P) 0.9288; (R1) 0.9324; More….

Intraday bias in USD/CHF remains neutral for the moment. Consolidation from 0.9374 might extend. But in case of another fall, we’d expect downside to be contained by 38.2% retracement of 0.8869 to 0.9374 at 0.9181 to bring rise rebound. On the upside, firm break of 0.9374 will resume larger up trend to 61.8% retracement of 0.9901 to 0.8756 at 0.9464 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.

USD/CHF’s correction extended to 0.9212 last week but recovered since then. As upside momentum isn’t too convincing, initial bias is neutral this week first. In case of another fall, we’d expect downside to be contained by 38.2% retracement of 0.8869 to 0.9374 at 0.9181 to bring rise rebound. On the upside, firm break of 0.9374 will resume larger up trend to 61.8% retracement of 0.9901 to 0.8756 at 0.9464 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.

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) 0.9227; (P) 0.9267; (R1) 0.9314; More….

USD/CHF’s correction from 0.9374 could have completed at 0.9212. Intraday bias is mildly on the upside for retesting 0.9374 first. Break there will resume larger rise from 0.8756, for 61.8% retracement of 0.9901 to 0.8756 at 0.9464 next. On the downside, break of 0.9212 will resume the correction to 38.2% retracement of 0.8869 to 0.9374 at 0.9181.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9227; (P) 0.9267; (R1) 0.9314; More….

Intraday bias in USD/CHF remains neutral first. Below 0.9212 will extend the correction from 0.9374 to 38.2% retracement of 0.8869 to 0.9374 at 0.9181. But outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9295 minor resistance will turn bias to the upside for retesting 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9193; (P) 0.9244; (R1) 0.9275; More….

USD/CHF is staying in correction from 0.9374 and another fall could still be seen for 38.2% retracement of 0.8869 to 0.9374 at 0.9181. But overall will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9295 minor resistance will turn bias to the upside for retesting 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9193; (P) 0.9244; (R1) 0.9275; More….

USD/CHF’s correction from 0.9374 extends with another fall through 0.9233. Intraday bias is now on the downside for 38.2% retracement of 0.8869 to 0.9374 at 0.9181. But overall will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9295 minor resistance will turn bias to the upside for retesting 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9231; (P) 0.9259; (R1) 0.9275; More….

USD/CHF recovers mildly after hitting 4 hour 55 EMA, but stays in tight range. Intraday bias remains neutral first. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9323 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9231; (P) 0.9259; (R1) 0.9275; More….

Range trading continues in USD/CHF and intraday bias stays neutral first. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9323 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9256; (P) 0.9285; (R1) 0.9302; More….

Intraday bias in USD/CHF remains neutral at this point. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9323 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9256; (P) 0.9285; (R1) 0.9302; More….

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9323 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9250; (P) 0.9288; (R1) 0.9333; More….

Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9250; (P) 0.9288; (R1) 0.9333; More….

Intraday bias in USD/CHF remains neutral at this point. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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 edged higher to 0.9374 last week but turned into consolidation last week. Initial bias stays neutral this week first. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9218; (P) 0.9263; (R1) 0.9292; More….

USD/CHF’s correction from 0.9374 could still extend with another fall. But overall, outlook will remain bullish as long as 0.9044 resistance turned support holds. Up trend resumption is expected at a later stage. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 first. Break there will resume larger up trend for 61.8% retracement of 0.9901 to 0.8756 at 0.9464.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9218; (P) 0.9263; (R1) 0.9292; More….

Intraday bias in USD/CHF is mildly on the downside as correction from 0.9374 could extend lower. But overall, outlook will remain bullish as long as 0.9044 resistance turned support holds. Up trend resumption is expected at a later stage. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 first. Break there will resume larger up trend for 61.8% retracement of 0.9901 to 0.8756 at 0.9464.

In the bigger picture, current development argues that fall from 1.0237 has 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) 0.9276; (P) 0.9299; (R1) 0.9323; More….

USD/CHF’s break of 0.9356 support suggests that deeper correction is underway. Intraday bias is back on the downside. Still, overall outlook will remain bullish as long as 0.9044 resistance turned support holds. Up trend resumption is expected at a later stage. Break of 0.9374 will target 61.8% retracement of 0.9901 to 0.8756 at 0.9464.

In the bigger picture, current development argues that fall from 1.0237 has 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.