USD/CHF 0.9770 and 0.9763 hold prices from further drops, reinforccd by today’s bottom price at 0.9749. Current targets with extreme caution are found at 0.9845 and 0.9849. Why caution is two big points lie just above at 0.9810 and 0.9921. Both decides USD/CHF fate all week. A break of 0.9810 then range becomes 0.9921 to 0.9810.
USD/CHF second problem in higher prices is the best target above 0.9921 is 1.0017 and next because current price is quite high to middle range. The base in USD/CHF is located at 0.9332.
what carries USD/CHF higher is a continued rise of 0.9770 and 0.9763.
Brian Twomey, Inside the Currency Market, btwomey.com