4H
Current recovery in USD/CHF is seen as a corrective move. In case of further rise, we'd expect strong resistance below 0.9553 to limit upside and bring near term reversal. Below 0.8933 minor support will turn bias back to the downside.
---------- Post added at 11:10 AM ---------- Previous post was at 07:44 AM ----------
D1
Daily Pivots: (S1) 0.9193; (P) 0.9240; (R1) 0.9306
In the bigger picture, prior break of 0.8698 support indicates that medium term rebound from 0.7070 has completed at 1.0240. The corrective three wave structure argue that the multi-decade down trend is resuming for a new low below 0.7070 at a latter stage.