Daily Pivots: (S1) 1.0056; (P) 1.0085; (R1) 1.0107; More….

USD/CHF is staying in consolidation from 1.0124 and intraday bias remains neutral for the moment. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

Daily Pivots: (S1) 1.0078; (P) 1.0099; (R1) 1.0128; More….

USD/CHF is staying in consolidation below 1.0124 temporary top and intraday bias remains neutral. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

Daily Pivots: (S1) 1.0078; (P) 1.0099; (R1) 1.0128; More….

Intraday bias in USD/CHF remains neutral as consolidation from 1.0124 temporary is extending. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

Daily Pivots: (S1) 1.0060; (P) 1.0089; (R1) 1.0110; More….

USD/CHF is staying in consolidation from 1.0124 temporary top and intraday bias remains neutral first. In case of deeper retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

Daily Pivots: (S1) 1.0060; (P) 1.0089; (R1) 1.0110; More….

Intraday bias in USD/CHF remains neutral for consolidation below 1.0124 temporary top. In case of deeper retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

USD/CHF rose further to 1.0124 last week but formed a temporary top there and retreated. Initial bias is neutral this week for some consolidations first. The break of 1.0098 indicates resumption of rise from 0.9716. Hence, retreat from 1.0124 should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

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) 1.0053; (P) 1.0090; (R1) 1.0150; More….

USD/CHF retreats notably ahead of 1.0128 resistance. But with 1.0056 minor support intact, further rise is expected. On the upside, decisive break of 1.0128 will confirm resumption of rally from 0.9187. Next near term target will be 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308. On the downside, break of 1.0056 minor support will turn intraday bias neutral first.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 1.0053; (P) 1.0090; (R1) 1.0150; More….

USD/CHF rises to as high as 1.0124 so far. Intraday bias remains on the upside. Decisive break of 1.0128 will confirm resumption of rally from 0.9187. Next near term target will be 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308. On the downside, break of 1.0056 minor support will turn intraday bias neutral first.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 1.0033; (P) 1.0045; (R1) 1.0062; More….

USD/CHF rises to as high as 1.0076 so far and intraday bias remains on the upside for 1.0098/0128 resistance. Decisive break there will resume larger rally from 0.9186. On the downside, below 1.0027 minor support will turn intraday bias back to the downside for 0.9926 support instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 1.0033; (P) 1.0045; (R1) 1.0062; More….

USD/CHF is losing some upside momentum as seen in 4 hour MACD. But with 0.9997 minor support intact, further rise is expected to 1.0098 resistance first. Break there will target 1.0128 key resistance next. On the downside, below 0.9997 minor support will turn bias back to the downside to extend the correction from 1.0098 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 0.9999; (P) 1.0027; (R1) 1.0073; More….

Outlook in USD/CHF is unchanged. Corrective pull back from 1.0098 should have completed at 0.9926 already. Intraday bias stays on the upside for retesting 1.0098 first. Break will target 1.0128 key resistance. On the downside, below 0.9997 minor support will turn bias back to the downside to extend the correction from 1.0098 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 0.9999; (P) 1.0027; (R1) 1.0073; More…

USD/CHF’s break of 1.0024 resistance indicates that corrective pull back from 1.0098 has completed at 0.9926 already. Intraday bias is back on the upside for retesting 1.0098 first. Break will target 1.0128 key resistance. On the downside, below 0.9997 minor support will turn bias back to the downside to extend the correction from 1.0098 instead.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 0.9969; (P) 0.9995; (R1) 1.0015; More…

Outlook in USD/CHF remains unchanged. Intraday bias remains neutral with focus on 1.0024 resistance. Break there will suggest that the pull back from 1.0098 is completed. Intraday bias will then be turned back to the upside for retesting 1.0098. On the downside, below 0.9926 will extend the corrective fall to 61.8% retracement of 0.9716 to 1.0098 at 0.9862. We’d look for bottoming signal again below there.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 0.9969; (P) 0.9995; (R1) 1.0015; More…

Intraday bias in USD/CHF remains neutral at this point. Firm break of 1.0024 minor resistance suggest that the pull back from 1.0098 is completed. Intraday bias will then be turned back to the upside for retesting 1.0098. On the downside, below 0.9926 will extend the corrective fall to 61.8% retracement of 0.9716 to 1.0098 at 0.9862. We’d look for bottoming signal again below there.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 0.9966; (P) 0.9988; (R1) 1.0013; More…

Focus is now on 1.0014 minor resistance with today’s rise. Firm break there will suggest that the pull back from 1.0098 is completed. Intraday bias will then be turned back to the upside for retesting 1.0098. On the downside, below 0.9926 will extend the corrective fall to 61.8% retracement of 0.9716 to 1.0098 at 0.9862. We’d look for bottoming signal again below there.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 0.9966; (P) 0.9988; (R1) 1.0013; More…

Intraday bias in USD/CHF remains neutral first. Based on the structure of the fall from 1.0098, we’d treat it as a corrective pull back first. On the upside, break of 1.0014 minor resistance will suggest that the pull back is completed. Intraday bias will then be turned back to the upside for retesting 1.0098. On the downside, below 0.9926 will extend the corrective fall to 61.8% retracement of 0.9716 to 1.0098 at 0.9862. We’d look for bottoming signal again below there.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

USD/CHF’s decline from 1.0098 extended to as low as 0.9926 last week but formed a temporary bottom there and recovered. Initial bias is neutral this week first. Based on the structure of the fall, we’d treat it as a corrective pull back first. On the upside, break of 1.0014 minor resistance will suggests that the pull back is completed. Intraday bias will then be turned back to the upside for retesting 1.0098. On the downside, below 0.9926 will extend the corrective fall to 61.8% retracement of 0.9716 to 1.0098 at 0.9862. We’d look for bottoming signal again below there.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

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) 0.9932; (P) 0.9974; (R1) 1.0023; More…

Intraday bias in USD/CHF remains neutral for consolidation above 0.9926 temporary low. Further decline is still in favor as long as 1.0014 minor resistance holds. On the downside, break of 0.9926 will resume the decline from 1.0098 to 61.8% retracement of 0.9716 to 1.0098 at 0.9862. We’d look for bottoming signal again below there. On the upside, break of 1.0014 minor resistance will suggests that the pull back from 1.0098 has completed. In this case, intraday bias will be turned back to the upside for 1.0098/0128 resistance zone.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 0.9932; (P) 0.9974; (R1) 1.0023; More…

A temporary low is formed at 0.9926 with current recovery. Intraday bias is turned neutral first. Another fall is mildly in favor as long as 1.0014 minor resistance holds. On the downside, break of 0.9926 will resume the decline from 1.0098 to 61.8% retracement of 0.9716 to 1.0098 at 0.9862. We’d look for bottoming signal again below there. On the upside, break of 1.0014 minor resistance will suggests that the pull back from 1.0098 has completed. In this case, intraday bias will be turned back to the upside for 1.0098/0128 resistance zone.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.

Daily Pivots: (S1) 0.9979; (P) 0.9997; (R1) 1.0033; More…

USD/CHF’s fall from 1.0098 extends to as low as 0.9926 so far today. Intraday bias remains on the downside for 61.8% retracement of 0.9716 to 1.0098 at 0.9862. We’d look for bottoming signal again below there. On the upside, break of 1.0014 minor resistance will suggests that the pull back from 1.0098 has completed. In this case, intraday bias will be turned back to the upside for 1.0098/0128 resistance zone.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9716 will dampen this bullish view and at least bring deeper fall to 0.9541 key support.