Every day Pivots: (S1) 0.8924; (P) 0.8948; (R1) 0.8980; Extra….
Intraday bias in USD/CHF stays on the upside as rise from 0.8551 is in progress. Additional rally could be seen to 0.9146 cluster resistance. On the draw back, although, break of 0.8893 help will point out brief time period topping, and switch bias to the draw back for deeper pullback.
Within the greater image, rebound from 0.8551 medium time period backside is presently seen as a correction to the downtrend from 1.0146 (2022 excessive). Additional rally could be seen to 0.9146 cluster resistance (38.2% retracement of 1.0146 to 0.8551 at 0.9160). Robust resistance may very well be seen there to restrict upside, at the very least on first try.
