Daily Pivots: (S1) 0.8965; (P) 0.9012; (R1) 0.9059; More…

Intraday bias in USD/CHF is turned neutral again as it recovered quickly after dipping to 0.8964. On the upside, break of 0.9146 will resume the rebound from 0.8818. Nevertheless, break of 0.8964 will extend the fall from 0.9146 to retest 0.8818 low.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9024; (P) 0.9059; (R1) 0.9087; More…

USD/CHF’s break of 0.8983 support indicate resumes of fall from 0.9146. The development also revives that case that corrective rebound from 0.8818 has completed at 0.9146. Intraday bias is back on the downside for retesting 0.8818 low. For now, risk will stay on the downside as long as 0.9146 resistance holds.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9024; (P) 0.9059; (R1) 0.9087; More…

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.8983 will revive the case that corrective rebound from 0.8818 has completed at 0.9146. Intraday bias will be back to the downside for deeper fall back to retest 0.8818 low. On the upside, however, break of 0.9146 will resume the rebound from 0.8818 instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9034; (P) 0.9072; (R1) 0.9127; More…

Range trading continues in USD/CHF and intraday bias stays neutral. On the downside, break of 0.8983 will revive the case that corrective rebound from 0.8818 has completed at 0.9146. Intraday bias will be back to the downside for deeper fall back to retest 0.8818 low. On the upside, however, break of 0.9146 will resume the rebound from 0.8818 instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9034; (P) 0.9072; (R1) 0.9127; More…

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.8983 will revive the case that corrective rebound from 0.8818 has completed at 0.9146. Intraday bias will be back to the downside for deeper fall back to retest 0.8818 low. On the upside, however, break of 0.9146 will resume the rebound from 0.8818 instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.8998; (P) 0.9019; (R1) 0.9052; More…

Intraday bias in USD/CHF is neutral for the moment. But risk stays on the downside as long as 0.9146 resistance holds. Corrective recovery from 0.8818 has probably completed at 0.9146 already. Deeper decline could be seen to 0.8818 support and possibly below. But strong support is still needed at around 0.8756 long term support to bring another rebound.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

USD/CHF’s decline last week argues that corrective recovery from 0.8818 has completed at 0.9146 already. For now, risk will stay on the downside as long as 0.9146 resistance holds. Deeper decline could be seen to 0.8818 support and possibly below. But strong support is still needed at around 0.8756 long term support to bring another rebound.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

In the long term picture, long term sideway pattern from 1.0342 (2016 high) is expected to continue between 0.8756/1.0342. However, sustained break of 0.8756 will open up deeper fall back towards 0.7065 (2011 low).

Daily Pivots: (S1) 0.8951; (P) 0.9029; (R1) 0.9070; More…

Intraday bias in USD/CHF stays mildly on the downside for the moment. Corrective recovery from 0.8818 could have completed at 0.9146 already. Deeper fall would be seen back to 0.8818 and possibly below. But strong support is still needed at around 0.8756 long term support to bring another rebound. Nevertheless, for now, risk still stay on the downside as long as 0.9146 resistance holds, in case of recovery.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.8951; (P) 0.9029; (R1) 0.9070; More…

Break of 0.9013 support now suggests that USD/CHF’s corrective recovery from 0.8818 has completed at 0.9146. Intraday bias is back on the downside to 0.8818 and possibly below. But strong support is still needed at around 0.8756 long term support to bring another rebound. Nevertheless, for now, risk still stay on the downside as long as 0.9146 resistance holds, in case of recovery.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9062; (P) 0.9084; (R1) 0.9125; More…

Immediate focus is now on 0.9013 minor support in USD/CHF with today’s fall. Sustained break there will argue that corrective recovery from 0.8818 has completed at 0.9146 already. Intraday bias will turn back to the downside for retesting 0.8818 low. On the upside, though, above 0.9146 will resume the rebound towards 38.2% retracement of 1.0146 to 0.8818 at 0.9325.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9062; (P) 0.9084; (R1) 0.9125; More…

Range trading continues in USD/CHF and intraday bias stays neutral. Consolidation from 0.9146 could extend further. But with 0.9013 minor support intact, further rally is expected. Rise from 0.8818 short term bottom is seen as correcting whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9037; (P) 0.9078; (R1) 0.9105; More…

Intraday bias in USD/CHF remains neutral for the moment. Consolidation form 0.9146 could extend further. But with 0.9013 minor support intact, further rally is expected. Rise from 0.8818 short term bottom is seen as correcting whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9037; (P) 0.9078; (R1) 0.9105; More…

Intraday bias in USD/CHF stays neutral as consolidation from 0.9146 is extending. Further rally is expected with 0.9013 support intact. Rise from 0.8818 short term bottom is seen as correcting whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9037; (P) 0.9078; (R1) 0.9105; More…

USD/CHF is staying in consolidation from 0.9146 and intraday bias remains neutral. Further rally is expected with 0.9013 support intact. . Rise from 0.8818 short term bottom is seen as correcting whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9037; (P) 0.9078; (R1) 0.9105; More…

Intraday bias in USD/CHF remains neutral as consolidations continue, and further rally is expected with 0.9013 support intact. . Rise from 0.8818 short term bottom is seen as correcting whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9052; (P) 0.9072; (R1) 0.9110; More…

USD/CHF is staying in consolidation below 0.9146 and intraday bias remains neutral. Further rally is expected as long as 0.9013 minor support holds. Rise from 0.8818 short term bottom is seen as corrective whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

Daily Pivots: (S1) 0.9052; (P) 0.9072; (R1) 0.9110; More…

Intraday bias in USD/CHF remains neutral as consolidations from 0.9146 could extend. But further rally is expected as long as 0.9013 minor support holds. Rise from 0.8818 short term bottom is seen as corrective whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

USD/CHF rebounded to 0.9146 last week but retreated since then. Initial bias remains neutral this week for consolidations. But further rally is expected as long as 0.9013 minor support holds. Rise from 0.8818 short term bottom is seen as corrective whole down trend from 1.0146. Above 0.9146 will target 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high), which might have completed at 0.8818 already, just ahead of 0.8756 long term support. Sustained trading above 0.9058 support turned resistance should confirm medium term bottoming. Further break of 0.9439 resistance will confirm bullish trend reversal.

In the long term picture, long term sideway pattern from 1.0342 (2016 high) is expected to continue between 0.8756/1.0342. However, sustained break of 0.8756 will open up deeper fall back towards 0.7065 (2011 low).

Daily Pivots: (S1) 0.9034; (P) 0.9076; (R1) 0.9097; More…

USD/CHF recovers ahead of 0.9013 minor support but stays below 0.9146 temporary top. Intraday bias remains neutral first. On the upside, break of 0.9146 will resume the rebound from 0.8818 to 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high). So, downside should be contained by 0.8756 to bring reversal. Sustained break of 0.9058 support turned resistance will be the first sign of medium term bottoming. However, decisive break of 0.8756 will carry larger bearish implications.

Daily Pivots: (S1) 0.9034; (P) 0.9076; (R1) 0.9097; More…

Intraday bias in USD/CHF remains neutral for the moment. break of 0.9146 will resume the rebound from 0.8818 to 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, however, break of 0.9013 will turn bias back to the downside for retesting 0.8818 low instead.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high). So, downside should be contained by 0.8756 to bring reversal. Sustained break of 0.9058 support turned resistance will be the first sign of medium term bottoming. However, decisive break of 0.8756 will carry larger bearish implications.