USD/CHF INTRADAY CHART
BIAS: After a correction higher look for losses down to 0.9569-0.9607 before higher again
Resistance: 0.9753-58 0.9794 0.9815 0.9835-40
Support: 0.9698-11 0.9672 0.9637 0.9590-06
MAIN ANALYSIS: The break below 0.9720 triggered losses to 0.9670. This support has held but should now be for a correction only - potentially to 0.9753-58 and not above 0.9794 - for losses to resume back below 0.9670 and to 0.9637 minimum and potentially 0.9590-06. Allow for 0.9569. Watch for bullish reversal indications for gains to resume back above 0.9861...
COUNTER ANALYSIS: Only below 0.9560 would extend losses to 0.9535-40. Break here would test the 0.9479 low.
Back above 0.9861 would see the uptrend resume.
MEDIUM TERM ANALYSIS:
13th April: The losses were cut short much earlier than expected and suggests we should be seeing stronger gains above 0.9836 than should extend higher over time.
Only back below 0.9596 would begin to concern although the bullish structure would not necessarily imply a reversal in the Dollar, but due consideration of the structure in EUR/USD should be considered.