USD/CHF - Approaching The Support at 0.9544
USD/CHF has broken the hourly support at 0.9617. Monitor the test of the support at 0.9544. Another support can be found at 0.9442. Hourly resistances lie at 0.9622 (13/11/2014 low) and 0.9701.
From a longer term perspective, the technical structure favours a full retracement of the large corrective phase that started in July 2012. The recent new highs above the key resistance at 0.9691 confirm this outlook. A strong support stands at 0.9368 (15/10/2014 low). A key resistance can be found at 0.9839 (22/05/2013 high).