USD/CHF - Bullish Breakout of The Resistance at 0.9554
USD/CHF has broken the key resistance at 0.9554, confirming persistent buying interest. Another key resistance stands at 0.9831. Hourly supports can now be found at 0.9527 (02/03/2015 low) and 0.9450 (26/02/2015 low, see also the rising trendline).
In the longer-term, the bullish momentum in USD/CHF has resumed after the removal of the EUR/CHF floor. The break of the key resistance at 0.9554 (16/12/2014 low) opens the way for a further rise towards the other key resistance at 0.9831 (25/12/2014 low). A key support can now be found at 0.9374 (20/02/2015 low, see also the 200-day moving average).