Since it is difficult for all currencies to fall in sync, the Swiss has held together because of some spilloversafe haven buying interest. The bull camp in the Swiss might be emboldened by a recent jump in volume, as thatin turn might confirm some measure of flight to quality activity. Critical support in the March Swiss is seen at1.1379. Remain bullish toward the Swiss as long as that level is respected.
Technical Outlook: Rising stochastics at overbought levels warrant some caution for bulls. The market’sshort-term trend is positive on the close above the 9-day moving average. The close over the pivot swing is asomewhat positive setup. The near-term upside target is at 114.37. The next area of resistance is around 114.15and 114.37, while 1st support hits today at 113.65 and below there at 113.36.