USD/CHF edged lower to 0.9691 last week but turned sideway since then. Initial bias remains neutral this week first. Consolidation from 0.9691 could extend and stronger recovery cannot be ruled out. But upside should be limited by 0.9858 support turned resistance and bring fall resumption. Whole decline from 1.0342 is still in progress and below 0.9691 will target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for reversal signal below there.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9707; (P) 0.9722; (R1) 0.9745; More…..

Intraday bias in USD/CHF remains neutral as it’s staying in consolidation from 0.9691. In case of another rise, upside is expected to be limited by 0.9858 support turned resistance and bring fall resumption. Whole decline from 1.0342 is still in progress and below 0.9691 will target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for reversal signal below there.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9707; (P) 0.9722; (R1) 0.9745; More…..

Intraday bias in USD/CHF remains neutral as it’s staying in consolidation from 0.9691. In case of another rise, upside is expected to be limited by 0.9858 support turned resistance and bring fall resumption. Whole decline from 1.0342 is still in progress and below 0.9691 will target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for reversal signal below there.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9713; (P) 0.9745; (R1) 0.9761; More…..

USD/CHF’s consolidation from 0.9691 temporary low is still in progress and intraday bias remains neutral. Another recovery cannot be ruled out. But upside should be limited by 0.9858 support turned resistance and bring fall resumption. Whole decline from 1.0342 is still in progress and below 0.9691 will target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for reversal signal below there.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9713; (P) 0.9745; (R1) 0.9761; More…..

USD/CHF’s consolidation from 0.9691 temporary low is still in progress and intraday bias remains neutral. Another recovery cannot be ruled out. But upside should be limited by 0.9858 support turned resistance and bring fall resumption. Whole decline from 1.0342 is still in progress and below 0.9691 will target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for reversal signal below there.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9719; (P) 0.9741; (R1) 0.9780; More…..

Intraday bias in USD/CHF remains neutral for consolidation above 0.9691 temporary low. Some more consolidations would be seen but upside of recovery is expected to be limited by 0.9858 support turned resistance to bring another decline. Whole fall from 1.0342 is still in progress and below 0.9691 will target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for reversal signal below there.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9719; (P) 0.9741; (R1) 0.9780; More…..

A temporary low is in place at 0.9691 in USD/CHF and intraday bias is turned neutral first. Some consolidations would be seen but upside of recovery is expected to be limited by 0.9858 support turned resistance to bring another decline. Whole fall from 1.0342 is still in progress and below 0.9691 will target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for reversal signal below there.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9694; (P) 0.9730; (R1) 0.9768; More…..

USD/CHF continues to lose some downside momentum. But with 0.9765 minor resistance intact, intraday bias remains on the downside. Current fall from 1.0342 should target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for bottoming signal again below there. On the upside, above 0.9765 minor resistance will turn intraday bias neutral again and bring consolidations first, before staging another fall.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9694; (P) 0.9730; (R1) 0.9768; More…..

With 0.9765 minor resistance intact, intraday bias in USD/CHF stays on the downside. Current fall from 1.0342 should target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for bottoming signal again below there. On the upside, above 0.9765 minor resistance will turn intraday bias neutral again and bring consolidations first, before staging another fall.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9694; (P) 0.9749; (R1) 0.9778; More…..

USD/CHF’s fall extends to as low as 0.9694 so far today. Intraday bias remains on the downside. Current decline from 1.0342 should target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for bottoming signal again below there. On the upside, above 0.9765 minor resistance will turn intraday bias neutral again and bring consolidations first, before staging another fall.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9694; (P) 0.9749; (R1) 0.9778; More…..

Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 1.0342 should now target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for bottoming signal again below there. On the upside, above 0.9824 minor resistance will turn intraday bias neutral again and bring consolidations first, before staging another fall.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

USD/CHF’s decline extended to as low as 0.9724 last week after brief intra-week consolidation. Initial bias stays on the downside this week. Current decline from 1.0342 would now target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. We’ll start to look for bottoming signal again below there. On the upside, above 0.9824 minor resistance will turn intraday bias neutral again and bring consolidations first, before staging another fall.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9763; (P) 0.9793; (R1) 0.9828; More…..

USD/CHF’s fall resumed after brief consolidation and intraday bias is back on the downside. Current fall from 1.0099 is part of the pattern from 1.0342 and should target 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. On the upside, above 0.9824 minor resistance will turn intraday bias neutral again and bring consolidations first, before staging another fall.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9763; (P) 0.9793; (R1) 0.9828; More…..

With 4 hour MACD crossed above signal line, a temporary lot is in place at 0.9758. Intraday bias in USD/CHF is turned neutral first. Some consolidation would be seen but upside of recovery would be limited by 4 hour 55 EMA (now at 0.9907) to bring another fall. Break of 0.9758 will extend the whole fall from 1.0342 towards 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9942; (P) 0.9980; (R1) 1.0003; More…..

Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 1.0342 would extend to 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617 on breaking of lower trend line support. On the upside, above 0.9849 minor resistance will turn bias neutral and bring consolidation before staging another decline.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9942; (P) 0.9980; (R1) 1.0003; More…..

USD/CHF’s fall reaches as low as 0.9773 so far and there is no sign of bottoming yet. Intraday bias remains on the downside. Based on current momentum, USD/CHF would be targeting 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617. On the upside, above 0.9849 minor resistance will turn bias neutral and bring consolidation before staging another decline.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9942; (P) 0.9980; (R1) 1.0003; More…..

USD/CHF’s decline is still in progress and breaches 0.9812 support. Current fall is seen as part of the decline from 1.0342. Next target will be target lower trend line support (now at 0.9762) and below. At this point, such decline from 1.0342 is still seen as a correction. Therefore, we’d expect strong support above 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617 to contain downside. On the upside, above 0.9865 minor resistance will turn bias neutral and bring recovery before staging another fall.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9942; (P) 0.9980; (R1) 1.0003; More…..

USD/CHF’s decline continues today and reaches as low as 0.9824 so far. The break of 0.9858 support now argues that whole corrective fall from 1.0342 is resuming. Intraday bias stays on the downside for 0.9812 first. Break would target lower trend line support (now at 0.9762) and below. At this point, such decline from 1.0342 is still seen as a correction. Therefore, we’d expect strong support above 100% projection of 1.0342 to 0.9860 from 1.0099 at 0.9617 to contain downside. On the upside, above 0.9886 minor resistance will turn bias neutral and bring recovery before staging another fall.

In the bigger picture, USD/CHF is bounded in medium term range of 0.9443/1.0342 for the moment. Consolidative trading would likely continue and medium term outlook remains neutral. Break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. Meanwhile, downside attempts should be contained by 0.9443 key support level.

Daily Pivots: (S1) 0.9942; (P) 0.9980; (R1) 1.0003; More…..

USD/CHF drops further to as low as 0.9879 so far. Intraday bias remains on down the downside for 0.9858 support first. Break there extend the corrective fall from 1.0342 through 0.9812 low. On the upside, above 0.9956 minor resistance will turn intraday bias neutral first.

In the bigger picture, we’re still maintaining that firm break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. However, the corrective nature of the fall from 1.0342 is starting to give the medium term outlook a bullish favor. Hence, instead of looking for topping signal around 1.0342, we’d now pay closer attention to upside acceleration as USD/CHF approaches this level again.

Daily Pivots: (S1) 0.9942; (P) 0.9980; (R1) 1.0003; More…..

Intraday bias in USD/CHF remains on the downside as fall from 1.0099 accelerates to as low as 0.9914 so far. Break of 0.9858 support will extend the corrective fall from 1.0342 through 0.9812 low. On the upside, above 0.9987 minor resistance will turn intraday bias neutral first.

In the bigger picture, we’re still maintaining that firm break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. However, the corrective nature of the fall from 1.0342 is starting to give the medium term outlook a bullish favor. Hence, instead of looking for topping signal around 1.0342, we’d now pay closer attention to upside acceleration as USD/CHF approaches this level again.