Daily Pivots: (S1) 0.9866; (P) 0.9887; (R1) 0.9904; More…

Consolidation from 1.0027 is still in progress and deeper fall could be seen to 0.9841/51 support zone. Sustained break there could back the way back to 0.9695 low. On the upside, break of 0.9978 will target 1.0027 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) 0.9876; (P) 0.9907; (R1) 0.9930; More…

Intraday bias in USD/CHF remains mildly on the downside. Consolidation from 1.0027 is in progress and further fall could be seen to 0.9851 support, and possibly below. On the upside, break of 0.9978 will target 1.0027 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) 0.9876; (P) 0.9907; (R1) 0.9930; More…

No change in USD/CHF’s outlook as consolidation from 1.0027 is in progress. Intraday bias stays on the downside for 0.9851 support and possibly below. On the upside, break of 0.9978 will target 1.0027 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) 0.9914; (P) 0.9940; (R1) 0.9956; More…

Intraday bias in USD/CHF remains mildly on the downside for the moment. Consolidation from 1.0027 is in progress with fall from 0.9978 as another leg. Deeper decline would be seen to 0.9851 support and possibly below. On the upside, break of 0.9978 will target 1.0027 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) 0.9914; (P) 0.9940; (R1) 0.9956; More…

USD/CHF’s break of 0.9911 minor support dampens our original bullish view. Consolidation from 1.0027 is extending with another falling leg. Intraday bias is back on the downside for 0.9851 support, and possibly below. On the upside, break of 0.9978 will target 1.0027 first. Break will resume whole 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) 0.9916; (P) 0.9947; (R1) 0.9964; More…

Intraday bias in USD/CHF remains neutral first. Further rise is expected as long as 0.9911 minor support holds. Consolidation from 1.0227 could have completed at 0.9851 already. Above 0.9978 will target 1.0027 high. Break will resume whole rally from 0.9659. On the downside, however, break of 0.9911 will turn bias back to the downside for 0.9851.

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) 0.9916; (P) 0.9947; (R1) 0.9964; More…

Intraday bias in USD/CHF is turned neutral with a temporary top formed at 0.9978. Further rise is expected as long as 0.9911 minor support holds. Consolidation from 1.0227 could have completed at 0.9851 already. Above 0.9978 will target 1.0027 high. Break will resume whole rally from 0.9659. On the downside, however, break of 0.9911 will turn bias back to the downside for 0.9851.

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) 0.9951; (P) 0.9965; (R1) 0.9987; More…

Intraday bias in USD/CHF remains on the upside with 0.9911 minor support intact. Consolidation from 1.0227 could have completed at 0.9851 already. Further rise should be seen to retest 1.0027 first. Break will resume whole rally from 0.9659. On the downside, however, break of 0.9911 will turn bias back to the downside for 0.9851.

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 defended 0.9841 last week and rebounded strongly. Subsequent break of 0.9970 resistance suggests that price actions from 1.0027 are a consolidation, which could have completed at 0.9851 already. Initial bias remains on the upside for retesting 1.0027 high first. Break will resume whole rally from 0.9659. On the downside, however, break of 0.9911 will turn bias back to the downside for 0.9851.

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) 0.9914; (P) 0.9945; (R1) 0.9978; More…

Intraday bias in USD/CHF remains on the upside with 0.9911 minor support intact. Consolidation pattern from 1.0027 could have completed at 0.9851. Further rise should be seen for retesting 1.0027 first. Break will resume whole rise from 0.9659. On the downside, though, below 0.9911 minor support will turn intraday bias neutral again. But further rally is in favor as long as 0.9851 support holds.

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) 0.9914; (P) 0.9945; (R1) 0.9978; More…

USD/CHF’s breach of 0.9970 resistance suggests that consolidation pattern from 1.0027 could have completed at 0.9851. Intraday bias is now on the upside for retesting 1.0027 first. Break will resume whole rise from 0.9659. On the downside, though, below 0.9911 minor support will turn intraday bias neutral again. But further rally is in favor as long as 0.9851 support holds.

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) 0.9916; (P) 0.9928; (R1) 0.9940; More…

USD/CHF is staying in consolidation from 1.0027 and intraday bias remains neutral first. Further rise is expected as long as 0.9851 support holds. On the upside, break of 0.9970 will bring retest of 1.0027 resistance next. On the downside, though, break of 0.9851 will indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low.

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) 0.9916; (P) 0.9928; (R1) 0.9940; More…

Intraday bias in USD/CHF remains neutral and consolidation from 1.0027 might still extend. Further rise is expected as long as 0.9851 support holds. On the upside, break of 0.9970 will bring retest of 1.0027 resistance next. On the downside, though, break of 0.9851 will indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low.

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) 0.9889; (P) 0.9913; (R1) 0.9950; More…

USD/CHF is staying in consolidation pattern from 1.0027 and intraday bias remains neutral. Further rise is expected as long as 0.9851 support holds. On the upside, break of 0.9970 will bring retest of 1.0027 resistance next. On the downside, though, break of 0.9851 will indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low.

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) 0.9889; (P) 0.9913; (R1) 0.9950; More…

Intraday bias in USD/CHF remains neutral for the moment. With 0.9841 support intact, further rise is mildly in favor. On the upside, break of 0.9970 will bring retest of 1.0027 resistance next. On the downside, though, break of 0.9841 will indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low.

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) 0.9857; (P) 0.9873; (R1) 0.9893; More…

USD/CHF’s strong rebound ahead of 0.9841 support suggests it’s merely in consolidation pattern from 1.0027, rather than reversing the rise from 0.9659. Intraday bias remains neutral first. Further rise is in favor as long as 0.9841 support holds. Break of 0.9970 will bring retest of 1.0027 resistance next. On the downside, though, break of 0.9841 will indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low.

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) 0.9857; (P) 0.9873; (R1) 0.9893; More…

Intraday bias in USD/CHF remains neutral with focus on 0.9841 support. Break there will complete a head and shoulder top pattern (ls: 0.9983; h: 1.0027; rs: 0.9970). That should indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low. On the upside, above 0.9970 will bring retest of 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) 0.9840; (P) 0.9868; (R1) 0.9884; More…

Intraday bias in USD/CHF remains neutral for the moment. Focus remains on 0.9841 support. Break there will complete a head and shoulder top pattern (ls: 0.9983; h: 1.0027; rs: 0.9970). That should indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low. On the upside, above 0.9970 will bring retest of 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) 0.9840; (P) 0.9868; (R1) 0.9884; More…

Intraday bias in USD/CHF remains neutral with focus on 0.9841 support. Break there will complete a head and shoulder top pattern (ls: 0.9983; h: 1.0027; rs: 0.9970). That should indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low. On the upside, above 0.9970 will bring retest of 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.

USD/CHF edged higher to 0.9970 last week but reversed from there. Initial bias is neutral this week with focus on 0.9841 support. Break there will complete a head and shoulder top pattern (ls: 0.9983; h: 1.0027; rs: 0.9970). That should indicate complete of whole rise from 0.9659 and turn outlook bearish for retesting this low. On the upside, above 0.9970 will bring retest of 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.

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.