Wed, 11 Jul 2012 07:22:13 GMT
USD/CHF preserved bullish momentum
USD/CHF has experienced some difficulties at initial resistance, but nevertheless remains well-placed for further gains, as is pointed out by technical studies. Near-term level is at 0.9838, above which the currency pair will face more serious resistances - 0.9896/0.9906 and 1.0006/42. In the meantime, dips should be contained by supports at 0.9692/90 and 0.9619/52.