USD/CHF rapport technique classique 05.18

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By Joel Kruger, Technical Strategist 18 May 2012 06: 35 GMT USD/CHF: Overall the structure remains highly constructive and we continue to project additional upside over the coming months back above parity. For now, the latest break and close above 0.9335 is expected to accelerate gains for a retest of the yearly highs by 0.9600, while any pullbacks should be very well supported ahead of 0.9200 intraday. Ultimately, only back under 0.9000 would negate outlook and give reason for pause.

-Written by Joel Kruger, Technical Currency Strategist

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18 May 2012 06: 35 GMT

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