USD/CHF knocking on 0.9100

As the dollar buying holds out USD/CHF is into the 0.9090’s and has come up 1 pip short of 0.9100. Up here we find the 100 dma at 0.9094 as well as the broken Feb 2012 support line which acted as resistance back in early November.

USD/CHF daily chart 07 01 2014

USD/CHF daily chart 07 01 2014

Much like EUR/CHF the round number is a big hurdle to overcome and a break could see us get some decent gains.

Minor support should be seen at 0.9050 with daily support at 0.9015. Weekly resistance is up at 0.9116.

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