USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.6597; (P) 0.6620; (R1) 0.6660; More… Intraday in AUD/USD is back on the downside with breach of 0.6536 support. Fall from 0.6941 is resuming and sustained trading below 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348 support next. For now, outlook will stay bearish as long as 0.6644 resistance […]

Daily Pivots: (S1) 0.6605; (P) 0.6655; (R1) 0.6713; More… Despite strong rebound, AUD/USD failed to break through 0.6713 resistance and retreated sharply. Intraday bias remains neutral at this point. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, sustained break of 0.6578 cluster support (38.2% retracement […]

Daily Pivots: (S1) 1.1138; (P) 1.1164; (R1) 1.1201; More…. Intraday bias in EUR/USD remains neutral as consolidations continues below 1.1213. Further rally is expected as long as 1.1001 support holds. Above 1.1213 will extend larger rally from 1.0665 to 100% projection of 1.0776 to 1.1200 from 1.1001 at 1.1425. In the bigger picture, corrective pattern […]