Fri, 06 Jul 2012 07:38:28 GMT
USD/CHF is bullish
USD/CHF has rallied steeply, effortlessly piercing through levels at 0.9628 and 0.9692/0.9703, which in turn proved to be unable to stop the U.S. Dollar from appreciating relative to the Swiss Franc. Subsequent resistances at 0.9761 and 0.9844 should be harder to overcome, but are not viewed as capable of containing the pair for a prolonged period of time.