Daily Pivots: (S1) 0.9888; (P) 0.9910; (R1) 0.9937; More…

Intraday bias in USD/CHF remains neutral for the moment. Consolidation from 0.9954 might still extend. But in case of another fall, downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rise resumption. On the upside, break of 0.9954 will resume the rise from 0.9541 and target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

USD/CHF’s consolidation from 0.9954 continued last week and outlook is unchanged. Despite drawing support from 4 hour 55 EMA, upside is limited below 0.9954. Initial bias remains neutral this week first. In case of another fall, downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rise resumption. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

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) 0.9860; (P) 0.9892; (R1) 0.9927; More…

Intraday bias in USD/CHF is turned neutral with today’s recovery, after drawing support from 4 hour 55 EMA. Consolidation from 0.9954 could extend with another decline. But in that case, we’d expect strong support from 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rebound, and then rise resumption. On the upside, break of 0.9954 will resume the rally from 0.90541 and target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9860; (P) 0.9892; (R1) 0.9927; More…

No change in USD/CHF’s outlook. Intraday bias stays mildly on the downside a pull back from 0.9954 could extend lower. But we’d expect strong support from 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rebound, and then rise resumption. On the upside, break of 0.9954 will resume the rally from 0.90541 and target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9886; (P) 0.9911; (R1) 0.9925; More…

Intraday bias in USD/CHF is mildly on the downside. Current pull back from 0.9954 could extend to 38.2% retracement of 0.9541 to 0.9954 at 0.9796. But we’d expect strong support from there to bring rebound, and then rise resumption. On the upside, break of 0.9954 will resume the rally from 0.90541 and target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9886; (P) 0.9911; (R1) 0.9925; More…

USD/CHF drops to as low as 0.9855 so far as correction from 0.9954 extends. Deeper fall could still be seen. But downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rise resumption. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9900; (P) 0.9929; (R1) 0.9946; More…

USD/CHF’s consolidation from 0.9954 is still in progress and intraday bias remains neutral. Deeper pull back could be seen to 4 hour 55 EMA (now at 0.9866). But downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rise resumption. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9900; (P) 0.9929; (R1) 0.9946; More…

Intraday bias in USD/CHF remains neutral as consolidation from 0.9954 temporary top is in progress. Deeper pull back could be seen to 4 hour 55 EMA (now at 0.9863). But downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rise resumption. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9906; (P) 0.9926; (R1) 0.9944; More…

USD/CHF fails to take out 0.9954 temporary top firmly for now. And intraday bias remains neutral first. Another fall cannot be ruled out. But downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rise resumption. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9906; (P) 0.9926; (R1) 0.9944; More…

No change in USD/CHF’s outlook. Consolidation from 0.9954 temporary top is in progress and intraday bias stays neutral first. Another fall cannot be ruled out. But downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rise resumption. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9902; (P) 0.9928; (R1) 0.9947; More…

USD/CHF’s consolidation from 0.9954 temporary top is in progress and intraday bias stays neutral first. Another fall cannot be ruled out. But downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring rise resumption. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9902; (P) 0.9928; (R1) 0.9947; More…

Intraday bias in USD/CHF remains neutral for consolidation below 0.9954 temporary low. Deeper pull back cannot be ruled out. But downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring another rally. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

USD/CHF surged to as high as 0.9954 last week before forming a temporary top there and retreated .Initial bias is neutral this week for some consolidations. Downside should be contained by 38.2% retracement of 0.9541 to 0.9954 at 0.9796 to bring another rally. On the upside, break of 0.9954 will target 1.0067 resistance next.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

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) 0.0.9863; (P) 0.9894; (R1) 0.9955; More…

Intraday bias in USD/CHF is turned neutral with a temporary top formed at 0.9954. Consolidation should be brief as long as 0.9889 minor support holds. Above 0.9954 will target 1.0067 resistance next. However, considering bearish divergence condition in 4 hour MACD, break of 0.9889 minor support will indicate short term topping and bring lengthier consolidation first.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.0.9863; (P) 0.9894; (R1) 0.9955; More…

Intraday bias in USD/CHF remains on the upside as rise from 0.9541 is in progress. Current rally should target a test on 1.0067 resistance next. On the downside, though, considering bearish divergence condition in 4 hour MACD, break of 0.9889 minor support will indicate short term topping and bring lengthier consolidation first.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.0.9863; (P) 0.9894; (R1) 0.9955; More…

Intraday bias in USD/CHF remains on the upside for the moment. Current rise from 0.9541 should target 1.0067 resistance next. On the downside, break of 0.9822 support is needed to indicate short term topping. Otherwise, near term outlook will remain bullish in case of retreat.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.0.9863; (P) 0.9894; (R1) 0.9955; More…

USD/CHF’s rally is still in progress and intraday bias stays on the upside. Next target is 1.0067 resistance. On the downside, break of 0.9822 support is needed to indicate short term topping. Otherwise, near term outlook will remain bullish in case of retreat.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading.

Daily Pivots: (S1) 0.9821; (P) 0.9842; (R1) 0.9862; More…

USD/CHF’s extends today by taking out 0.9866 cluster resistance and hits as high as 0.9889 so far. Intraday bias is back on the upside. Sustained trading above 0.9866 will pave the way to retest 1.0067 high. On the downside, though, break of 0.9822 minor support will indicate short term topping and bring lengthier consolidations, before staging another rally.

In the bigger picture, focus is now back on 0.9866 support turned resistance. Decisive break there will suggests that pull back from 1.0067 has completed at 0.9541. And larger rise from 0.9186 low is ready to resume. Decisive break of 1.0067 will pave the way to 1.0342 key resistance next. Meanwhile, break of 0.9541 will extend the decline but we don’t expect a break of 0.9186 low even in that case.

Daily Pivots: (S1) 0.9821; (P) 0.9842; (R1) 0.9862; More…

USD/CHF edged higher to 0.9862 but momentum stays weak as seen in 4 hour MACD. Intraday bias remains neutral for some more consolidative trading. Deeper decline cannot be ruled out but outlook stays cautiously bullish as long as 0.9736 minor support holds. On the upside, decisive break of 0.9866 will pave the way to retest 1.0067 high. However, break of 0.9736 will argue that the rebound from 0.9541 has completed and turn bias to the downside for deeper fall.

In the bigger picture, focus is now back on 0.9866 support turned resistance. Decisive break there will suggests that pull back from 1.0067 has completed at 0.9541. And larger rise from 0.9186 low is ready to resume. Decisive break of 1.0067 will pave the way to 1.0342 key resistance next. Meanwhile, break of 0.9541 will extend the decline but we don’t expect a break of 0.9186 low even in that case.

Daily Pivots: (S1) 0.9805; (P) 0.9831; (R1) 0.9861; More…

A temporary top is formed at 0.9855 in USD/CHF just ahead of 61.8% retracement of 1.0067 to 0.9541 at 0.9866. Intraday bias is turned neutral first. Further rally is expected as long as 0.9736 minor support holds. On the upside, decisive break of 0.9866 will pave the way to retest 1.0067 high. However, break of 0.9736 will argue that the rebound from 0.9541 has completed and turn bias to the downside for deeper fall.

In the bigger picture, focus is now back on 0.9866 support turned resistance. Decisive break there will suggests that pull back from 1.0067 has completed at 0.9541. And larger rise from 0.9186 low is ready to resume. Decisive break of 1.0067 will pave the way to 1.0342 key resistance next. Meanwhile, break of 0.9541 will extend the decline but we don’t expect a break of 0.9186 low even in that case.