USD/CHF: Challenging Key Support Levels
USD/CHF has broken the support at 0.9130, confirming persistent selling pressures. However, other key medium-term supports (for example the rising trendline and 0.9022) suggest a limited medium-term downside risk. Hourly resistances are at 0.9151 (intraday high) and 0.9225 (16/09/2013 low).
In the longer term, a sideways move between the key supports at 0.9022 (01/02/2013 low) and 0.8931 (24/02/2012 low) and the key resistances at 0.9972 (24/07/2012 high) and 1.0067 (01/12/2010 high) is expected.