USD/CHF: The Resistance at 0.9419 Has Been Breached
The resistance at 0.9419 has been breached.
USD/CHF's short-term bullish momentum is improving. The resistance at 0.9419 has been breached. Another significant resistance lies at 0.9521. Hourly supports can be found at 0.9372 and 0.9313.
In the longer-tern, a medium-term sideways move between the key supports at 0.9022 (01/02/2013 low) and 0.8931 (24/02/2012 low) and the key resistances at 0.9972 (24/07/2012 high) and 1.0067 (01/12/2010 high) is expected. A new phase of strength is likely underway. Monitor the resistance at 0.9521.