USD/CHF has managed to print a fresh annual high at 0.9839, so far. This adds to the medium-term bullish structure that we have discussed many times in this report. A higher low is now sought for a fresh swing higher.

Of all of the US Dollar majors USD/CHF exhibits the most clearly bullish structure.

Back under 0.9600, close to the 61.8% retrace of the 0.9643 - 0.9839 rise, will neutralise our short-term bullish stance.

Daily Technical Report