USD/CHF
Yesterday, the USD/CHF cleared a resistance at 0.9598 (upper bound of a short-term bearish channel). This signals an acceleration of the uptrend towards 0.9769 (June 2012 high). Over the medium term, breaking above this level would release more upside potential towards 1.0067 (December 2010 high pivot), and possibly towards 1.0220 (long-term resistance trend line). The initial support is located at 0.9539. (Buy : Stop @ 0.9530 ; Target @ 0.9760)
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NATIXIS