USD/CHF Technical Analysis comments :
A strong bullish movement occured on the pair USD/CHF which got out of its bearish channel. The breakout of 0.9617 (level 38.20%) gave us a buy signal. We maintain to trade only long positions as far as this level is support. The breakout of 0.9703 (level 50%) will give a new buy signal. However, if the price gets back below 0.9617, we could trade again short positions. So 0.9617 is our pivot point.