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USD/CHF: Moving Higher

USD/CHF's rise is approaching the strong resistance area between 0.9527 and 0.9567. An hourly support is at 0.9444. Another support can be found at 0.9389 (intraday low).

In the longer-term, we do not expect to see a break of the support area between 0.9022 (01/02/2013 low) and 0.8931 (24/02/2013 low) and favour a minimum move towards the resistance at 0.9972 (24/07/2012 high).

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