Daily Pivots for USD/CHF are as follows: (S1) 0.8927; (P) 0.8949; (R1) 0.8966. The intraday bias for USD/CHF is currently neutral, but there is an expectation for further decline as long as resistance at 0.9000 holds. If the price falls below 0.8914, the next target is at 0.8825. A break below 0.8825 could lead to a target of 0.8778. However, if the resistance at 0.9000 is broken, the bias will shift to the upside with 0.9049 as the next resistance level.
In the bigger picture, the medium-term outlook for USD/CHF remains neutral with resistance at 0.9243 intact. Sideways trading between 0.8332 and 0.9243 is likely for now. A firm break above 0.9243 would indicate a larger bullish trend reversal.