Daily Pivots: (S1) 0.9227; (P) 0.9267; (R1) 0.9314; More….

Intraday bias in USD/CHF remains neutral first. Below 0.9212 will extend the correction from 0.9374 to 38.2% retracement of 0.8869 to 0.9374 at 0.9181. But outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9295 minor resistance will turn bias to the upside for retesting 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9193; (P) 0.9244; (R1) 0.9275; More….

USD/CHF is staying in correction from 0.9374 and another fall could still be seen for 38.2% retracement of 0.8869 to 0.9374 at 0.9181. But overall will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9295 minor resistance will turn bias to the upside for retesting 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9193; (P) 0.9244; (R1) 0.9275; More….

USD/CHF’s correction from 0.9374 extends with another fall through 0.9233. Intraday bias is now on the downside for 38.2% retracement of 0.8869 to 0.9374 at 0.9181. But overall will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9295 minor resistance will turn bias to the upside for retesting 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9231; (P) 0.9259; (R1) 0.9275; More….

USD/CHF recovers mildly after hitting 4 hour 55 EMA, but stays in tight range. Intraday bias remains neutral first. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9323 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9231; (P) 0.9259; (R1) 0.9275; More….

Range trading continues in USD/CHF and intraday bias stays neutral first. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9323 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9256; (P) 0.9285; (R1) 0.9302; More….

Intraday bias in USD/CHF remains neutral at this point. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9323 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9256; (P) 0.9285; (R1) 0.9302; More….

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9323 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9250; (P) 0.9288; (R1) 0.9333; More….

Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9250; (P) 0.9288; (R1) 0.9333; More….

Intraday bias in USD/CHF remains neutral at this point. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

USD/CHF edged higher to 0.9374 last week but turned into consolidation last week. Initial bias stays neutral this week first. On the downside, break of 0.9233 will bring deeper correction. But overall outlook will stay bullish as long as 0.9044 resistance turned support holds. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 high.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into a long term corrective pattern, at least until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9218; (P) 0.9263; (R1) 0.9292; More….

USD/CHF’s correction from 0.9374 could still extend with another fall. But overall, outlook will remain bullish as long as 0.9044 resistance turned support holds. Up trend resumption is expected at a later stage. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 first. Break there will resume larger up trend for 61.8% retracement of 0.9901 to 0.8756 at 0.9464.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9218; (P) 0.9263; (R1) 0.9292; More….

Intraday bias in USD/CHF is mildly on the downside as correction from 0.9374 could extend lower. But overall, outlook will remain bullish as long as 0.9044 resistance turned support holds. Up trend resumption is expected at a later stage. On the upside, above 0.9321 minor resistance will bring retest of 0.9374 first. Break there will resume larger up trend for 61.8% retracement of 0.9901 to 0.8756 at 0.9464.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9276; (P) 0.9299; (R1) 0.9323; More….

USD/CHF’s break of 0.9356 support suggests that deeper correction is underway. Intraday bias is back on the downside. Still, overall outlook will remain bullish as long as 0.9044 resistance turned support holds. Up trend resumption is expected at a later stage. Break of 0.9374 will target 61.8% retracement of 0.9901 to 0.8756 at 0.9464.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9276; (P) 0.9299; (R1) 0.9323; More….

Intraday bias in USD/CHF remains neutral for the moment. Consolidations from 0.9374 should be relatively brief with 0.9256 minor support intact. On the upside, break of 0.9374 will resume recent rise to 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9256 will bring deeper pull back. But overall, further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9247; (P) 0.9312; (R1) 0.9345; More….

Outlook in USD/CHF remains unchanged and intraday bias stays neutral first. Consolidations should be relatively brief with 0.9256 minor support intact. Break of 0.9374 will resume recent rise to 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9256 will bring deeper pull back. But overall, further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9247; (P) 0.9312; (R1) 0.9345; More….

Intraday bias in USD/CHF remains neutral first. Consolidations should be relatively brief with 0.9256 minor support intact. Break of 0.9374 will resume recent rise to 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9256 will bring deeper pull back. But overall, further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9313; (P) 0.9342; (R1) 0.9397; More….

Intraday bias in USD/CHF is turned neutral with today’s retreat. Consolidations should be relatively brief with 0.9256 minor support intact. Break of 0.9374 will resume recent rise to 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9256 will bring deeper pull back. But overall, further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9313; (P) 0.9342; (R1) 0.9397; More….

Intraday bias in USD/CHF remains on the upside and further rise should be seen to 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9256 minor support will turn intraday bias neutral for consolidation. But further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9274; (P) 0.9297; (R1) 0.9335; More….

USD/CHF’s rally is still in progress and intraday bias stays on the upside for 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.256 minor support will turn intraday bias neutral for consolidation. But further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, current development argues that fall from 1.0237 has completed at 0.8756, on bullish condition in daily and weekly MACD. Current rally from 0.8756 should target 0.9901 resistance first. Break there will target 1.0237/0342 resistance zone in the medium term. This will now remain the favored case as long as 0.9044 resistance turned support holds.

Daily Pivots: (S1) 0.9274; (P) 0.9297; (R1) 0.9335; More….

Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8756 is in progress for 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9135 minor support will turn intraday bias neutral again. But further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). Firm break of 0.9295 resistance, and sustained trading above 55 week EMA (now at 0.9227), will suggest that the pattern has completed. In this case, further rise could be seen back to 1.0237/0342 resistance zone in the medium term. On the other hand, rejection by 0.9295 will retain medium term bearishness for another low below 0.8756.