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USD/CHF still holding above support 0.9549

FXstreet.com (London) - It had been a quiet day for the pair yesterday, and seems as though it has run out of steam, or at least for the mean time.

The Swissie is still holding onto territory above support 0.9549 and has been oscillating there and between the 0.9600 handle having taken a breather from its recent bull run up to a high of 0.9626 (200 week ma). A break above would offer a pathway to long-term resistance and much higher levels not seen since the summer 2011. Support remains slightly below where it is currently holding and next stop would be seen at 0.9500 the psychological handle and below there, the low May 10th at 0.99475. Next resistances are seen at 0.9625 (high May 10) and 0.9660 (high Aug 22)

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