FXstreet.com (Córdoba) - The Dollar rose above 1.0400 for the first time in two months against the Swiss Franco. USD/CHF peaked at 1.0430 reaching the highest price since October 2. Currently trades at 1.0404/10, 0.86% above today's opening price.
If the pair rises further above 1.0430 resistance lies at 1.0450 (Oct 1 high) and 1.0500. On the downside support could be located at 1.0405 and below at 1.0380 and 1.0355/50 (Dec 14 high).
Valeria Bednarik, collaborator at FXstreet.com affirms: Under 1.0380, correction likely to extend to the 1.0340 area, that should hold to keep bigger time frames bullish bias intact.