USD/CHF INTRADAY CHART
BIAS: While 0.9530-45 caps we should see corrective losses
Resistance: 0.9530-35 0.9545 0.9565-75 0.9600-04
Support: 0.9497-04 0.9479-82 0.9460 0.9438
MAIN ANALYSIS: The rally was strong and therefore we now know that the 0.9438 low was the final low. As far as I can see we have completed, or may have a minor new high around 0.9535-45, the rally and thus we should be looking for losses. The first reversal should be around the 0.9510-15 area but should quickly follow-through to the next larger reversal target between 0.9497-04 area. Expect a minor pullback and for losses to edges lower over the day. Observe EUR/USD that could provide the final high that would - most likely - see the final corrective low here. The 0.9460 - 80 range looks like a possible target low, but watch for bullish reversal indications.
COUNTER ANALYSIS: Any earlier break below 0.9438 would surprise but then I'd have to work out what has happened.
If the 0.9545 level breaks there are still higher projections at 0.9550-67, but then look for losses.