The USD/CHF has formed a bullish zig zag and we can see a potential bounce from the POC zone 0.9965-75.
If it happens watch for a close above D H3 camarilla pivot – 0.9982. That will confirm the bullish momentum which is piggybacked from higher timeframes. Target is 1.0019 D H5 Camarilla pivot point. A continuation above might spur another bullish bounce towards 1.0042.
However, a loss of 0.9940 might lead to a deeper retracement towards 0.9919.
The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.