USD/CHF edged higher to 0.9072 last week but lost momentum again. Initial bias stays neutral this week first. Further rally is in favor as long as 0.8939 support holds. On the upside, sustained trading above 55 D EMA (now at 0.9039) should confirm that current rally is at least correcting whole down trend from 1.0146.
USDCHF Outlook
Daily Pivots: (S1) 0.9040; (P) 0.9056; (R1) 0.9075; More… Intraday bias in USD/CHF remains neutral for the moment. Further rally is in favor as long as 0.8939 support holds. On the upside, sustained trading above 55 D EMA (now at 0.9039) should confirm that current rally is at least correcting whole down trend from 1.0146.
Daily Pivots: (S1) 0.9040; (P) 0.9056; (R1) 0.9075; More… Intraday bias in USD/CHF is turned neutral with current retreat. But further rally is in favor as long as 0.8939 support holds. On the upside, sustained trading above 55 D EMA (now at 0.9039) should confirm that current rally is at least correcting whole down trend
Daily Pivots: (S1) 0.9016; (P) 0.9041; (R1) 0.9078; More… USD/CHF’s rebound from 0.8818 short term bottom resumes by breaching 0.9061 and intraday bias is back on the upside. Sustained trading above 55 D EMA (now at 0.9039) should confirm that current rally is at least correcting whole down trend from 1.0146. Further rise should then
Daily Pivots: (S1) 0.8983; (P) 0.9006; (R1) 0.9038; More… Range trading continues in USD/CHF and intraday bias stays neutral. Rebound from 0.8818 short term bottom is expected to continue as long as 0.8918 minor support holds. On the upside, sustained trading above 55 D EMA (now at 0.9039) should confirm that current rally is at
Daily Pivots: (S1) 0.8947; (P) 0.8972; (R1) 0.9004; More… Intraday bias in USD/CHF stays neutral for the moment. Rebound from 0.8818 short term bottom is expected to continue as long as 0.8918 minor support holds. On the upside, sustained trading above 55 D EMA (now at 0.9039) should confirm that current rally is at least
Daily Pivots: (S1) 0.8947; (P) 0.8972; (R1) 0.9004; More… Intraday bias in USD/CHF remains neutral at this point, and outlook is unchanged. Rebound from 0.8818 short term bottom is expected to continue as long as 0.8918 minor support holds. On the upside, sustained trading above 55 D EMA (now at 0.9039) should confirm that current