Daily Pivots: (S1) 0.8818; (P) 0.8836; (R1) 0.8852; More…. No change in USD/CHF’s outlook and intraday bias stays mildly on the upside. As noted before, consolidation from 0.8884 should have completed with three waves to 0.8728. Further rally should be seen to retest 0.8891 resistance first. Firm break there will resume whole rally from 0.8332.
USDCHF Outlook
Daily Pivots: (S1) 0.8818; (P) 0.8836; (R1) 0.8852; More…. Intraday bias in USD/CHF stays mildly on the upside at this point. Consolidation from 0.8884 should have completed with three waves to 0.8728. Further rally should be seen to retest 0.8891 resistance first. Firm break there will resume whole rally from 0.8332. Next target is 61.8%
USD/CHF’s strong rebound last week suggests that consolidation from 0.8884 has completed with three waves to 0.8728. Initial bias stays mildly on the upside this week for retesting 0.8891 resistance first. Firm break there will resume whole rally from 0.8332. Next target is 61.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8934. For now
Daily Pivots: (S1) 0.8795; (P) 0.8819; (R1) 0.8862; More…. Intraday bias in USD/CHF remains mildly on the upside at this point. Consolidation from 0.8884 could have completed with three waves to 0.8728. Further rise should be seen to retest 0.8891 resistance first. Firm break there will resume whole rise from 0.8332. Next target is 61.8%
Daily Pivots: (S1) 0.8795; (P) 0.8819; (R1) 0.8862; More…. Current strong rebound in USD/CHF argues that consolidation pattern from 0.8884 has completed with three waves to 0.8728. Intraday bias is mildly on the upside for 0.8891 resistance first. Firm break there will resume whole rise from 0.8332. Next target is 61.8% projection of 0.8550 to
Daily Pivots: (S1) 0.8773; (P) 0.8782; (R1) 0.8799; More…. Intraday bias in USD/CHF remains neutral at this point. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term bullishness. Further
Daily Pivots: (S1) 0.8773; (P) 0.8782; (R1) 0.8799; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term bullishness.