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Swiss Franc Technical Outlook
Tuesday, 11 November 2008 13:38:13 GMT  |  Jamie Saettele, Senior Currency Strategist
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The USDCHF continues to press against a short term upward sloping resistance line.  Divergence with RSI on the daily (and weekly) warns of a pullback. 

However, the USDCHF is now holding above a line from late 2005, which suggests a healthy bull and additional gains.  Given the bearish EURUSD pattern, additional USDCHF strength seems the more likely scenario at this point.  Round number resistance is at 1.20 and the August 2007 high is just above 1.22.    

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