Daily Pivots: (S1) 0.8665; (P) 0.8701; (R1) 0.8740; More…. USD/CHF’s rebound from 0.8551 is in progress, and intraday bias stays on the upside for further rise. But strong resistance could be seen from 0.8818 support turned resistance to complete the recovery and bring down trend resumption. On the downside, firm break of 0.8551 will resume
USDCHF Outlook
Daily Pivots: (S1) 0.8665; (P) 0.8701; (R1) 0.8740; More…. Intraday bias in USD/CHF stays mildly on the upside at this point. Rebound from 0.8851 would extend higher towards 0.8818 support turned resistance. Strong resistance could be seen there to complete the recovery and bring down trend resumption. On the downside, firm break of 0.8551 will
USD/CHF dropped to 0.8851 last week but quickly recovered since then. Initial bias is mildly on the upside this week for 0.8818 support turned resistance. Strong resistance could be seen there to complete the recovery and bring down trend resumption. On the downside, firm break of 0.8551 will resume larger down trend from 1.0146, targeting
Daily Pivots: (S1) 0.8598; (P) 0.8648; (R1) 0.8744; More…. Intraday bias in USD/CHF is back on the upside with break of 0.8699 resistance. Further rise would be seen towards 0.8818 support turned resistance. On the downside, firm break of 0.8551 will resume larger down trend from 1.0146, targeting 0.8317 fibonacci level. In the bigger picture
Daily Pivots: (S1) 0.8598; (P) 0.8648; (R1) 0.8744; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.8699 will bring stronger rebound towards 0.8818 support turned resistance. On the downside, firm break of 0.8551 will resume larger down trend from 1.0146, targeting 0.8317 fibonacci level. In the bigger picture
Daily Pivots: (S1) 0.8591; (P) 0.8637; (R1) 0.8714; More… USD/CHF’s break of 0.629 minor resistance suggests short term bottoming at 0.8553, just ahead of 100% projection of 0.9439 to 0.8818 from 0.9146 at 0.8525. Intraday bias is back on the upside for stronger rebound towards 0.8818 support turned resistance. For now, risk will stay mildly
Daily Pivots: (S1) 0.8563; (P) 0.8588; (R1) 0.8610; More… No change in USD/CHF’s outlook. While another decline cannot be ruled out, some support could be seen from 100% projection of 0.9439 to 0.8818 from 0.9146 at 0.8525 to bring rebound. Break of 0.8629 minor resistance will turn bias to the downside for 55 4H EMA