USD/CHF - Successful Test Thus Far of The Support at 0.9469
USD/CHF has thus far successfully tested its recent low at 0.9469. Hourly resistances stand at 0.9552 (intraday high) and 0.9593 (10/10/2014 high). Another support can be found at 0.9433 (18/09/2014 high).
From a longer term perspective, the technical structure favours a full retracement of the large corrective phase that started in July 2012. As a result, the recent weakness is seen as a countertrend move. A key support can be found at 0.9301 (16/09/2014 low). A resistance now lies at 0.9691 (06/10/2014 high).