Daily Pivots: (S1) 0.6541; (P) 0.6568; (R1) 0.6600; More… A temporary low was formed at 0.6536 with current recovery and intraday bias is turned neutral first. Further decline is expected as long as 55 D EMA (now at 0.6700) holds. On the downside, sustained break of 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will […]
Daily Pivots: (S1) 0.9012; (P) 0.9041; (R1) 0.9071; More… Outlook in USD/CHF is unchanged and intraday bias remains neutral. Rise from 0.9374 remains intact so far with strong support seen from near term rising channel. On the upside, break of 0.9107 will target 0.9200 and 0.9223 key resistance. On the downside, however, break of 0.8964 […]
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