USD/CHF edged lower to 0.8776 last week but recovered again. Initial bias stays neutral this week first. As long as 0.8923 resistance holds, further decline is expected. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8923 will turn […]
Daily Pivots: (S1) 0.8851; (P) 0.8916; (R1) 0.8960; More… Intraday bias in USD/CHF stays on the downside, with focus on 38.2% retracement of 0.8374 to 0.9200 at 0.8884. Strong rebound from current level, followed by break of 0.9035 resistance, will retain near term bullishness, and bring retest of 0.9200/23 resistance zone. However, firm break of […]
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