Swiss Franc Heads Above 1.3100

However in case Swiss Franc bulls manage to regain the control and push the pair below the psychologically important 1.3000 handle, a move below 1.2960, a level marked by the March 31 daily low will most likely see the pair extend its decline toward 1.2885, a level created by the 38.2 Fib of the 1.2240-1.3285 CHF rally. Indicators are favoring dollar bulls with both positive momentum indicator and positive MACD treading above the zero line, while neutral oscillators give either side enough room to maneuver.