USD/CHF continues to bounce as can be seen by the break of the hourly resistance at 0.9695. However, a break of the resistance at 0.9812 (see also the 50% retracement) is needed to signal a significant improvement in the short-term buying interest. An hourly support lies at 0.9558 (27/03/2015 low), while a key support stands at 0.9450 (see also the 38.2% retracement). Another resistance can be found at 0.9984.
In the longer-term, the bullish momentum in USD/CHF has resumed after the decline linked to the removal of the EUR/CHF floor. A test of the strong resistance at 1.0240 is likely. A key support can be found at 0.9374 (20/02/2015
Daily Technical Report
