Daily Pivots: (S1) 0.9132; (P) 0.9176; (R1) 0.9203; More….
Intraday bias in USD/CHF is turned neutral as it recovered after hitting 0.9149. Overall outlook is unchanged that choppy sideway trading could continue. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 support holds.
In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.
