USD/CHF rose over 50 pips from lows and hit a high of 0.9292 before quickly pulling back to the 0.9260 zone. The cross finally settled around 0.9270, where it is 0.2% above its opening price.
"Swiss on the bigger picture continues to trade in the 0.9500-200 range and the bias remains bearish inside the range for a fall towards 0.9200. The chances of 0.9200 breaking also remains and a further down side towards 0.9170-00 in the coming sessions", says the Kshitij Consultancy Services Team. "Any rise from current levels is expected to face resistance near 0.9300-30 levels and will be short lived".
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