Daily Market Overview: USD/CHF

© Dukascopy

Daily maximum: 0.9185

Following a dip down to 0.9107, being a second daily support level the currency pair has bounced off it and surged. However, this effect was only temporary and did not last for long, as the rally was halted by 20-hour exponential moving average which is just above the current price at the moment. Anyhow, the long-term bias stays bullish and recent failures are likely to be only a part of a correction phase before the pair recommences its growth.