USD/CHF is trying to find a new equilibrium after the SNBs announcement. The recent succession of higher lows favours a short-term bullish bias. A break of the resistance at 0.8838 would confirm this view. A key resistance stands at 0.9132. Hourly supports can be found at 0.8672 (intraday low) and 0.8501. • Following the removal of the EUR/CHF floor, a major top has been formed at 1.0240. Given that the subsequent panic has not broken the strong support at 0.7071 (09/08/2011 low), this level should hold in the next months. A medium-term sideways move between the key support at 0.8353 and the key resistance at 0.9132 is favoured
Posted on: Tue, 27 Jan 2015 12:18:07 +0000
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