USD/CHF Technical Analysis comments :
Despite a strong rebound on the level 38.20% at 0.9616, the bullish slant has been finaly broken, giving us a sell signal. We now advise to trade only short positions as far as 0.9650 is resistance. The breakout of 0.9550 and 0.9509 (level 23.60%) will both give a new sell signal. However, if 0.9650 is broken, we will then advise to trade only long positions as far as 0.9616 (level 38.20%) is support.