Despite some significant two sided volatility in the Swiss this week, the bullish technical bias in the Swissappears to have remained in place. In fact, the June Swiss remains in close proximity to its recent highs and italso looks to continue to draft spillover buying interest from strength in the Euro. Up-trend channel support todayis seen at 1.1412 and there might be little in the way of resistance seen until 1.1471.
Technical Outlook: Momentum studies are trending higher but have entered overbought levels. The closeabove the 9-day moving average is a positive short-term indicator for trend. The market tilt is slightly negative withthe close under the pivot. The next upside objective is 114.63. The next area of resistance is around 114.35 and114.63, while 1st support hits today at 113.97 and below there at 113.87.