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

Focus is now on 0.9841 support in USD/CHF. 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.

Daily Pivots: (S1) 0.9864; (P) 0.9888; (R1) 0.9900; More…

USD/CHF is staying in established range and intraday bias remains neutral first. With 0.9841 support intact, rise from 0.9659 is expected to resume sooner or later. On the upside, above 0.9926 minor resistance will bring retest of 1.0027 resistance first. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9864; (P) 0.9888; (R1) 0.9900; More…

Intraday bias in USD/CHF remains neutral as range trading continues. With 0.9841 support intact, rise from 0.9659 is expected to resume sooner or later. On the upside, above 0.9926 minor resistance will bring retest of 1.0027 resistance first. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9871; (P) 0.9895; (R1) 0.9924; More…

USD/CHF is bounded in range trading and intraday bias remains neutral first. With 0.9841 support intact, rise from 0.9659 is expected to resume sooner or later. On the upside, above 0.9926 minor resistance will bring retest of 1.0027 resistance first. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9871; (P) 0.9895; (R1) 0.9924; More…

Intraday bias in USD/CHF remains neutral at this point. With 0.9841 support intact, rise from 0.9659 is extend to resume sooner or later. On the upside, above 0.9926 minor resistance will bring retest of 1.0027 resistance first. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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 sharply to as low as 0.9855 last week but recovered ahead of 0.9841 support. Initial bias is neutral this week first. With 0.9841 intact, rise from 0.9659 is extend to resume sooner or later. On the upside, above 0.9926 minor resistance will bring retest of 1.0027 resistance first. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9861; (P) 0.9878; (R1) 0.9888; More…

USD/CHF’s recovery is limited below 0.9926 minor resistance and intraday bias remains neutral for the moment. We’d continue to look for strong support from 0.9841 to contain downside and bring rebound. On the upside, above 0.9926 minor resistance will turn bias back to the upside for retesting 1.0023/27 resistance zone. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9861; (P) 0.9878; (R1) 0.9888; More…

Intraday bias in USD/CHF remains neutral and outlook is unchanged first. At this point, we’d continue to look for strong support from 0.9841 to contain downside and bring rebound. On the upside, above 0.9926 minor resistance will turn bias back to the upside for retesting 1.0023/27 resistance zone. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9845; (P) 0.9886; (R1) 0.9913; More…

Intraday bias in USD/CHF remains neutral for the moment. At this point, we’d continue to look for strong support from 0.9841 to contain downside and bring rebound. On the upside, above 0.9926 minor resistance will turn bias back to the upside for retesting 1.0023/27 resistance zone. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9845; (P) 0.9886; (R1) 0.9913; More…

USD/CHF recovers ahead of 0.9841 support and intraday bias is turned neutral first. At this point, we continue to look for strong support from 0.9841 to contain downside and bring rebound. On the upside, above 0.9926 minor resistance will turn bias back to the upside for retesting 1.0023/27 resistance zone. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9845; (P) 0.9886; (R1) 0.9913; More…

At this point, we continue to look for strong support from 0.9841 to contain downside and bring rebound. On the upside, above 0.9907 minor resistance will turn bias back to the upside for retesting 1.0023/27 resistance zone. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9845; (P) 0.9886; (R1) 0.9913; More…

Intraday bias in USD/CHF remains on the downside for the moment. At this point, we’d be look for strong support from 0.9841 to contain downside and bring rebound. On the upside, above 0.9907 minor resistance will turn bias back to the upside for retesting 1.0023/27 resistance zone. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9980; (P) 1.0002; (R1) 1.0023; More…

USD/CHF’s fall form 1.0023 extends lower today and intraday bias remains on the downside for 0.9868 support and below. Such decline is seen as part of the consolidation from 1.0027. Downside should be contained by 0.9841 support to bring rise resumption. On the upside, above 0.9926 minor resistance will turn bias back to the upside for 1.0027 first. However, sustained break of 0.9841 will indicate near term reversal and pave the way back to 0.9659 support.

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) 0.9980; (P) 1.0002; (R1) 1.0023; More…

Intraday bias in USD/CHF remains mildly on the downside at this point. Consolidation from 1.0227 is in it’s third down leg. Deeper fall could be seen to 0.9868 support, and possibly below. On the upside, though, decisive break of 1.0027 will confirm resumption of larger rally from 0.9659.

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) 0.9980; (P) 1.0002; (R1) 1.0023; More…

USD/CHF’s sharp decline and break of 0.9980 minor support suggests rejection by 1.0027 resistance. Consolidation from is possibly starting another down leg. Intraday bias is turned back to the upside for 0.9868 support, and possibly below. On the upside, though, decisive break of 1.0027 will confirm resumption of larger rally from 0.9659.

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) 0.9980; (P) 1.0002; (R1) 1.0023; More…

Intraday bias in USD/CHF remains on the upside with 0.9980 minor support intact. Firm break of 1.0027 resistance will confirm resumption of later rally from 0.9659. Further rise should then be seen to 61.8% projection of 0.9659 to 1.0027 from 0.9869 at 1.0095 next. On the downside, below 0.9980 minor support will delay the bullish case and turn intraday bias neutral first.

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’s break of 0.9978 resistance last week suggests that larger rise from 0.9659 might be ready to resume. Initial bias stays on the upside this week. Firm break of 1.0027 will confirm this bullish case and target 61.8% projection of 0.9659 to 1.0027 from 0.9869 at 1.0095 next. On the downside, below 0.9980 minor support will delay the bullish case and turn intraday bias neutral first.

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) 0.9977; (P) 0.9989; (R1) 1.0007; More…

USD/CHF rises to as high as 1.0019 so far. Intraday bias stays on the upside for 1.0027 resistance first. Break will resume whole rise from 0.9659. Next upside target will be 61.8% projection of 0.9659 to 1.0027 from 0.9869 at 1.0095. On the downside, below 0.9980 minor support will delay the bullish case and turn intraday bias neutral first.

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) 0.9977; (P) 0.9989; (R1) 1.0007; More…

USD/CHF continues to lose upside momentum as seen in 4 hour MACD. But further rise is expected with 0.9960 minor support intact. As noted before, consolidation from 1.0027 should have completed at 0.9869. Further rise should be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9960 minor support will turn bias to the downside to extend the consolidation with another falling leg.

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) 0.9977; (P) 0.9989; (R1) 1.0007; More…

Intraday bias in USD/CHF remains on the upside for the moment. As noted before, consolidation from 1.0027 should have completed at 0.9869. Further rise should be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9960 minor support will turn bias to the downside to extend the consolidation with another falling leg.

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.