Daily Pivots: (S1) 0.9310; (P) 0.9388; (R1) 0.9488; More…

USD/CHF reaches as low as 0.9288 so far and intraday bias remains on the downside. Current decline should now target next key fibonacci level at 0.9115. On the upside, above 0.9448 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, the strong break of 0.9420 support suggests that fall from 1.0342 is developing into a medium term down trend. Deeper fall should be seen to 100% projection of 1.0342 to 0.9420 from 1.0037 at 0.9115.

Daily Pivots: (S1) 0.9393; (P) 0.9486; (R1) 0.9547; More…

USD/CHF’s decline continues today and breaks 0.9420 key support. There is no clear sign of bottoming yet. Intraday bias remains on the downside. Sustained trading below 0.9420 will carry larger bearish implication and pave the way to next key fibonacci level at 0.9115. On the upside, above 0.9535 minor résistance will turn bias back to the upside for rebound.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore,we don’t expect a firm break of this level. However, firm break of 0.9420 will confirm that fall from 1.0342 is developing into a long term down trend. And in that case, next downside target will be 100% projection of 1.0342 to 0.9420 from 1.0037 at 0.9115.

Daily Pivots: (S1) 0.9393; (P) 0.9486; (R1) 0.9547; More…

Intraday bias in USD/CHF remains on the downside for further fall. At this point, we’re still expecting strong support around 0.9420 to bring rebound. Above 0.9535 minor résistance will turn bias back to the upside for rebound. However, sustained break of 0.9420 will carry larger bearish implication and pave the way to next key fibonacci level at 0.9115.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore,we don’t expect a firm break of this level. However, firm break of 0.9420 will confirm that fall from 1.0342 is developing into a long term down trend. And in that case, next downside target will be 100% projection of 1.0342 to 0.9420 from 1.0037 at 0.9115.

Daily Pivots: (S1) 0.9551; (P) 0.9592; (R1) 0.9618; More….

USD/CHF drops to as low as 0.9499 so far today. Break of 0.9535 confirms resumption of fall from 1.0037. Intraday bias is back on the downside for retesting 0.9420 low. We’d expect strong support from there to bring rebound. On the upside, break of 0.9640 resistance will be the first sign of near term reversal. And, intraday bias will be turned back to the upside for 0.9844 resistance for confirmation.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9551; (P) 0.9592; (R1) 0.9618; More….

At this point, USD/CHF is staying above 0.9535 temporary low and intraday bias remains neutral. Outlook stays bearish as long as 0.9689 support turned resistance holds. Break of 0.9535 will resume the decline from 1.0037 and target a test on 0.9420 low. Nonetheless, firm break of 0.9698 will be the first sign of near term reversal. And, intraday bias will be turned back to the upside for 0.9844 resistance for confirmation.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9594; (P) 0.9617; (R1) 0.9642; More….

USD/CHF is still bounded in consolidation from 0.9535 and intraday bias remains neutral. As long as 0.9689 support turned resistance holds, near term outlook remains mildly bearish. Break of 0.9535 will extend the fall from 1.0037 and target a test on 0.9420 low. Nonetheless, firm break of 0.9698 will be the first sign of near term reversal. And, intraday bias will be turned back to the upside for 0.9844 resistance for confirmation.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9594; (P) 0.9617; (R1) 0.9642; More….

Intraday bias in USD/CHF remains neutral as consolidative trading from 0.9535 continues. With 0.9698 support turned resistance intact, near term outlook remains mildly bearish. Break of 0.9535 will extend the fall from 1.0037 and target a test on 0.9420 low. Nonetheless, firm break of 0.9698 will be the first sign of near term reversal. And, intraday bias will be turned back to the upside for 0.9844 resistance for confirmation.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9566; (P) 0.9602; (R1) 0.9668; More….

USD/CHF is staying in range above 0.9535 and intraday bias remains neutral first. Near term outlook will stay bearish as long as 0.9698 resistance holds. Below 0.9535 will extend the fall from 1.0037 and target a test on 0.9420 low. Nonetheless, firm break of 0.9698 will be the first sign of near term reversal. And, intraday bias will be turned back to the upside for 0.9844 resistance for confirmation.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9566; (P) 0.9602; (R1) 0.9668; More….

Intraday bias in USD/CHF remains neutral at this point. Near term outlook will stay bearish as long as 0.9698 resistance holds. Below 0.9535 will extend the fall from 1.0037 and target a test on 0.9420 low. Nonetheless, firm break of 0.9698 will be the first sign of near term reversal. And, intraday bias will be turned back to the upside for 0.9844 resistance for confirmation.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

USD/CHF dived sharply to as low as 0.9535 last week but recovered. Initial bias is neutral this week first. Near term outlook will stay bearish as long as 0.9698 resistance holds. Below 0.9535 will extend the fall from 1.0037 and target a test on 0.9420 low. Nonetheless, firm break of 0.9698 will be the first sign of near term reversal. And, intraday bias will be turned back to the upside for 0.9844 resistance for confirmation.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

In the long term picture, while upside momentum is unconvincing, with 0.9443 key support intact, rise from 0.7065 (2011 low) is still expected to continue. Break of 1.0342 will target 38.2% retracement of 1.8305 (2000 high) to 0.7065 at 1.1359.

Daily Pivots: (S1) 0.9553; (P) 0.9609; (R1) 0.9644; More….

Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 1.0037 would target a test on 0.9420 key support level. On the upside, break of 0.9666 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9553; (P) 0.9609; (R1) 0.9644; More….

USD/CHF’s decline resumed by breaking 0.9571 and intraday bias is back on the downside. Current fall from 1.0037 would target a test on 0.9420 key support level. On the upside, break of 0.9666 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9596; (P) 0.9627; (R1) 0.9683; More….

Intraday bias in USD/CHF remains neutral for consolidation above 0.9571 temporary low. As long as 0.9698 support turned resistance holds, deeper fall could be seen to 0.9420 low. Nonetheless, break of 0.9698 will indicate short term bottoming. Intraday bias would then be turned back to the upside for 0.9844 key near term resistance next.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9596; (P) 0.9627; (R1) 0.9683; More….

Intraday bias in USD/CHF remains neutral for consolidation above 0.9571 temporary low. As long as 0.9698 support turned resistance holds, deeper fall could be seen to 0.9420 low. Nonetheless, break of 0.9698 will indicate short term bottoming. Intraday bias would then be turned back to the upside for 0.9844 key near term resistance next.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9562; (P) 0.9613; (R1) 0.9647; More….

Intraday bias in USD/CHF remains neutral for consolidation above 0.9571 temporary low. As long as 0.9698 support turned resistance holds, deeper fall could be seen to 0.9420 low. Nonetheless, break of 0.9698 will indicate short term bottoming. Intraday bias would then be turned back to the upside for 0.9844 key near term resistance next.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9562; (P) 0.9613; (R1) 0.9647; More….

USD/CHF dipped to 0.9571 but quickly recovered. Intraday bias remains neutral at this point. As long as 0.9698 support turned resistance holds, deeper fall could be seen to 0.9420 low. Nonetheless, break of 0.9698 will indicate short term bottoming. Intraday bias would then be turned back to the upside for 0.9844 key near term resistance next.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9592; (P) 0.9638; (R1) 0.9674; More….

A temporary low is in place at 0.9602 and intraday bias in USD/CHF is turned neutral first. Near term outlook will stay bearish as long as 0.9844 resistance holds. Below 0.9602 will extend the decline from 1.0037 to retest 0.9420 low.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9592; (P) 0.9638; (R1) 0.9674; More….

Intraday bias in USD/CHF remains on the downside as fall from 1.0037 is in progress for retesting 0.9420 low. On the upside, above 0.9684 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 0.9844 resistance holds.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9632; (P) 0.9701; (R1) 0.9738; More….

USD/CHF’s decline from 1.0037 continues today and reaches as low as 0.9627 so far. 61.8% retracement of 0.9420 to 0.1.0037 at 0.9656 is firmly taken out and downside momentum remains strong. Intraday bias remains on the downside and further fall could be seen back to 0.9420 low. On the upside, above 0.9684 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 0.9844 resistance holds.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.

Daily Pivots: (S1) 0.9721; (P) 0.9768; (R1) 0.9805; More….

USD/CHF is staying in range above 0.9698 support and intraday bias remains neutral first. We’re still slightly favoring that correction from 1.0037 has completed with three waves down to 0.9698. Above 0.9844 will turn bias back to the upside for 0.9977 resistance for confirming this bullish view. However, break of 0.9698 will extend such correction to 61.8% retracement of 0.9420 to 0.1.0037 at 0.9656 before completion.

In the bigger picture, range trading continues between 0.9420/1.0342. At this point, 0.9420 appears to be a strong support level. Therefore, in case of decline attempt, we don’t expect a firm break of this level. Nonetheless, strong break of 1.0342 is also needed to confirm upside momentum. Otherwise, medium term outlook will stay neutral.