Tue, 25 Sep 2012 08:29:30 GMT
USD/CHF to challenge 0.9376/0.9406
Provided that the currency pair continues to advance, contrary to the scenario suggested by daily technical indicators, it will hit a downtrend resistance line at 0.9376/0.9406, which is supposed to contain the current rally and thus terminate bullish correction. USD/CHF should then take course on 0.9265/53—support that has recently prevented further depreciation of the greenback.