Daily Pivots: (S1) 0.8120; (P) 0.8350; (R1) 0.8467; More…

No change in USD/CHF’s outlook and intraday bias stays on the downside. Next target is 200% projection of 0.9196 to 0.8757 from 0.8854 at 0.7976. On the upside, above 0.8256 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall.

In the bigger picture, the break of 0.8332 (2023 low) confirms resumption of long term down trend from 1.0342 (2017 high). Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075. Firm break there will target 100% projection at 0.7382.

Daily Pivots: (S1) 0.8120; (P) 0.8350; (R1) 0.8467; More…

Intraday bias in USD/CHF remains on the downside as current selloff accelerates again. Break of 161.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8144 will target 200% projection at 0.7976 next. On the upside, above 0.8358 support turned resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

In the bigger picture, the break of 0.8332 (2023 low) confirms resumption of long term down trend from 1.0342 (2017 high). Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075. Firm break there will target 100% projection at 0.7382.

Daily Pivots: (S1) 0.8431; (P) 0.8508; (R1) 0.8656; More…

Intraday bias in USD/CHF is back on the downside with breach of 0.8358. Fall from 0.9196 should target 161.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8144. On the upside, above 0.8582 resistance will indicate short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8431; (P) 0.8508; (R1) 0.8656; More…

Intraday bias in USD/CHF is turned neutral first with current recovery, and some consolidations would be seen. But near term outlook will stay bearish as long as 0.8673 resistance holds. Below 0.8358 will resume the fall from 0.9196 to 161.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8144. Nevertheless, firm break of 0.8673 will confirm short term bottoming, and bring stronger rebound back to 0.8757/8854 resistance zone.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8416; (P) 0.8518; (R1) 0.8581; More…

Intraday bias in USD/CHF remains on the downside at this point. Current fall from 0.9196 is in progress. Sustained break of 0.8332/8374 key support zone will confirm larger down trend resumption. Next near term target is 161.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8144. On the upside, break of 0.8673 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8416; (P) 0.8518; (R1) 0.8581; More…

USD/CHF’s decline from 0.9196 resumed after brief consolidations and intraday bias is back on the downside. Firm break of 0.8332/8374 key support zone will confirm larger down trend resumption. On the upside, break of 0.8673 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8480; (P) 0.8577; (R1) 0.8704; More…

Intraday bias in USD/CHF remains neutral for the moment, and more consolidations would be seen above 0.8450. Upside of recovery should be limited below 0.8757 support turned resistance. On the downside, below 0.8450 will resume the fall from 0.9196 and target 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8480; (P) 0.8577; (R1) 0.8704; More…

USD/CHF Is staying in consolidation above 0.8450 and intraday bias remains neutral. Upside of recovery should be limited below 0.8757 support turned resistance. On the downside, below 0.8450 will resume the fall from 0.9196 and target 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8515; (P) 0.8570; (R1) 0.8663; More…

USD/CHF edged lower to 0.8450 but quickly recovered. Intraday bias stays neutral and more consolidations could be seen. Upside of recovery should be limited below 0.8757 support turned resistance. On the downside, below 0.8450 will resume the fall from 0.9196 and target 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8515; (P) 0.8570; (R1) 0.8663; More…

Intraday bias in USD/CHF remains neutral for consolidation above 0.8475 temporary low. Upside of recovery should be limited below 0.8757 support turned resistance. On the downside, below 0.8475 will resume the fall from 0.9196 and target 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

USD/CHF’s fall from 0.9196 resumed last week and accelerated to as low as 0.8475. But a temporary was formed with subsequent recovery. Initial bias is turned neutral this week for consolidations first. Recovery should be limited by 0.8757 support turned resistance. Below 0.8475 will target 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

In the long term picture, price action from 0.7065 (2011 low ) are seen as a corrective pattern to the multi-decade down trend from 1.8305 (2000 high). Fall from 1.0342 (2016 high) is seen as the second leg. Firm break of 61.8% retracement of 0.7065 to 1.0342 at 0.8317, will pave the way back to 0.7065.

Daily Pivots: (S1) 0.8483; (P) 0.8658; (R1) 0.8769; More…

Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 0.9196 is in progress for 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415. On upside, above 0.8617 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited below 0.8757 support turned resistance to bring another fall.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8483; (P) 0.8658; (R1) 0.8769; More…

USD/CHF’s steep decline is still in progress and there is no sign of bottoming yet. Intraday bias stays on the downside for 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415. On upside, above 0.8617 minor resistance will turn intraday bias neutral and bring consolidations. But recover should be limited below 0.8757 support turned resistance to bring another fall.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8805; (P) 0.8827; (R1) 0.8841; More…

USD/CHF’s decline accelerated to as low as 0.8554 so far today and met 61.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8583 already. Intraday bias stays on the downside. Sustained trading below 0.8583 will pave the way to 100% projection at 0.8415. On the upside, above 0.8663 minor resistance will turn intraday bias neutral and bring consolidations first. Before staging another fall.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.8805; (P) 0.8827; (R1) 0.8841; More…

USD/CHF’s breach of 0.8757 suggests that fall from 0.9196 is resuming. Intraday bias is back on the downside. Next target is 61.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8583. For now, outlook will stay bearish as long as 0.8854 resistance holds, in case of recovery.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption.

Daily Pivots: (S1) 0.8819; (P) 0.8835; (R1) 0.8854; More…

Intraday bias in USD/CHF stays neutral for the moment. Consolidation from 0.8757 is still in progress. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break there will pave the way back to 0.8374 support.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption.

Daily Pivots: (S1) 0.8819; (P) 0.8835; (R1) 0.8854; More…

No change in USD/CHF’s outlook as consolidation from 0.8757 is still extending. Intraday bias stays neutral at this point. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break there will pave the way back to 0.8374 support.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption.

Daily Pivots: (S1) 0.8798; (P) 0.8827; (R1) 0.8873; More…

Intraday bias in USD/CHF remains neutral as consolidation form 0.8757 is still extending. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break there will pave the way back to 0.8374 support.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption.

Daily Pivots: (S1) 0.8798; (P) 0.8827; (R1) 0.8873; More…

USD/CHF is still bounded in consolidation from 0.8757 and intraday bias stays neutral. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break there will pave the way back to 0.8374 support.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption.

Daily Pivots: (S1) 0.8794; (P) 0.8814; (R1) 0.8829; More…

Intraday bias in USD/CHF remains neutral as consolidations from 0.8757 is still extending. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break there will pave the way back to 0.8374 support.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption.