Daily Pivots: (S1) 0.9800; (P) 0.9810; (R1) 0.9824; More…

USD/CHF is staying in consolidation from 0.9770 and intraday bias remains neutral first. With 0.9876 resistance intact, further decline is expected. On the downside, below 0.9770 will resume the fall from 1.0023 and target 0.9659 low. However, break of 0.9876 will turn bias back to the upside for 1.0023 resistance.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9792; (P) 0.9811; (R1) 0.9827; More…

Intraday bias in USD/CHF remains neutral and consolidation from 0.9770 might extend. Further decline is still expected as long as 0.9876 resistance holds. On the downside, below 0.9770 will resume the decline from 1.0023 and target 0.9659 low. However, break of 0.9876 will turn bias back to the upside for 1.0023 resistance.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9792; (P) 0.9813; (R1) 0.9846; More…

USD/CHF is staying in consolidation from 0.9770 and intraday bias remains neutral. Further decline is still expected as long as 0.9876 resistance holds. On the downside, below 0.9770 will resume the decline from 1.0023 and target 0.9659 low. However, break of 0.9876 will turn bias back to the upside for 1.0023 resistance.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9792; (P) 0.9813; (R1) 0.9846; More…

Intraday bias in USD/CHF remains neutral for consolidation above 0.9770 temporary low. Further decline is still expected as long as 0.9876 resistance holds. On the downside, below 0.9770 will resume the decline from 1.0023 and target 0.9659 low. However, break of 0.9876 will turn bias back to the upside for 1.0023 resistance.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9767; (P) 0.9790; (R1) 0.9808; More…

A temporary low is formed at 0.9770 with current recovery. Intraday bias in USD/CHF is turned neutral for some consolidations first. Further fall is expected as long as 0.9876 resistance holds. On the downside, below 0.9770 will resume the decline from 1.0023 and target 0.9659 low. However, break o f0.9876 will turn bias back to the upside for 1.0023 resistance.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9767; (P) 0.9790; (R1) 0.9808; More…

Intraday bias in USD/CHF remains on the downside as fall from 1.0023 is in progress. Deeper decline would be seen to retest 0.9659 low. On the upside, above 0.9820 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9792; (P) 0.9806; (R1) 0.9817; More…

USD/CHF’s fall continues today and reaches as low as 0.9778 so far. Intraday bias remains on the downside for retesting 0.9659 low. On the upside, break of 0.9876 resistance is needed to indicate completion of the fall form 1.0023. Otherwise, near term outlook will stay cautiously bearish in case of recovery.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9792; (P) 0.9806; (R1) 0.9817; More…

Intraday bias in USD/CHF remains on the downside. Current fall from 1.0023 is still in progress for a test on 0.9659 low. However, considering bullish convergence condition in 4 hour MACD, break of 0.9876 will indicate short term bottoming. In such case, intraday bias will be turned back to the upside for 55 day EMA (now at 0.9893) and above.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9783; (P) 0.9813; (R1) 0.9831; More…

Further decline is expected in USD/CHF with 0.9876 resistance intact, Current fall from 1.0023 should target test on 0.9659 low. However, considering bullish convergence condition in 4 hour MACD, break of 0.9876 will indicate short term bottoming. In such case, intraday bias will be turned back to the upside for 55 day EMA (now at 0.9899) and above.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9783; (P) 0.9813; (R1) 0.9831; More…

Intraday bias in USD/CHF remains mildly on the downside at this point. Current fall from 1.0023 should target test on 0.9659 low. However, considering bullish convergence condition in 4 hour MACD, break of 0.9876 will indicate short term bottoming. In such case, intraday bias will be turned back to the upside for 55 day EMA (now at 0.9899) and above.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9815; (P) 0.9831; (R1) 0.9842; More…

USD/CHF’s breach of 0.9805 temporary low suggests resumption of fall from 1.0023. Intraday bias is turned back to the downside for retesting 0.9659 low. However, considering bullish convergence condition in 4 hour MACD, break of 0.9876 will indicate short term bottoming. In such case, intraday bias will be turned back to the upside for 55 day EMA (now at 0.9900) and above.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9815; (P) 0.9831; (R1) 0.9842; More…

Intraday bias in USD/CHF remains neutral for consolidation above 0.9805 temporary low. Further decline will remain in favor as long as 0.9917 resistance holds. On the downside, below 0.9805 will resume the fall from 1.0023 and target 0.9659 support next. On the upside, break of 0.9917 will dampen this bearish view and turn bias back to the upside for 1.0023 resistance instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9812; (P) 0.9837; (R1) 0.9869; More…

USD/CHF is staying in consolidation from 0.9805 and intraday bias remains neutral first. Further decline will remain in favor as long as 0.9917 resistance holds. On the downside, below 0.9805 will resume the fall from 1.0023 and target 0.9659 support next. On the upside, break of 0.9917 will dampen this bearish view and turn bias back to the upside for 1.0023 resistance instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9812; (P) 0.9837; (R1) 0.9869; More…

Intraday bias in USD/CHF remains neutral for consolidation above 0.9805 temporary low. Further decline will remain in favor as long as 0.9917 resistance holds. On the downside, below 0.9805 will resume the fall from 1.0023 and target 0.9659 support next. On the upside, break of 0.9917 will dampen this bearish view and turn bias back to the upside for 1.0023 resistance instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

USD/CHF dropped further to as low as 0.9805 last week but recovered since then. Initial bias remains neutral this week first. The break of 0.9841 support argues that rebound from 0.9659 has completed already. Further decline will remain in favor as long as 0.9917 resistance holds. On the downside, below 0.9805 will resume the fall from 1.0023 and target 0.9659 support next. On the upside, break of 0.9917 will dampen this bearish view and turn bias back to the upside for 1.0023 resistance instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9813; (P) 0.9844; (R1) 0.9880; More…

Intraday bias in USD/CHF remains neutral for the moment. Some more consolidation could be seen above 0.9805. But still, further decline is expected as long as 0.9917 resistance holds. Rebound from 0.9659 should have completed already. Below 0.9805 will target a test on 0.9659 low. On the upside, break of 0.9917 will dampen this bearish view and turn bias back to the upside for 1.0023 resistance instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9813; (P) 0.9844; (R1) 0.9880; More…

A temporary low is formed at 0.9808 and intraday bias in USD/CHF is turned neutral first. Further decline is expected as long as 0.9917 resistance holds. Rebound from 0.9659 should have completed already. Below 0.9808 will target a test on 0.9659 low. On the upside, break of 0.9917 will dampen this bearish view and turn bias back to the upside for 1.0023 resistance instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9809; (P) 0.9836; (R1) 0.9858; More…

With 0.9863 minor resistance intact, intraday bias in USD/CHF remains on the downside. Rebound from 0.9659 should have completed already. Deeper fall would be seen to retest this low. On the upside, above 0.9863 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9809; (P) 0.9836; (R1) 0.9858; More…

USD/CHF drops to as low as 0.9812 so far today. The break of 0.9841 support suggests that rebound from 0.9659 has completed already. Intraday bias is now back on the downside. Further decline should be seen back to 0.9659 support. On the upside, above 0.9863 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9823; (P) 0.9853; (R1) 0.9872; More…

No change in USD/CHF’s outlook and focus stays on 0.9841 support. Sustained break there will indicate near term reversal, that is, rebound from 0.9659 has completed. Outlook will be turned bearish for retesting 0.9659 support. On the upside, above 0.9917 minor resistance will turn bias back to the upside for retesting 1.0027 resistance instead.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.