Commentary of the USD/CHF parity :

The parity is still moving between 1.0580 and 1.0650. We stay neutral as far as it is the case. On the chart, we could now see the fibonacci retracement of the last bearish mouvement starting from february 19th to march 17th, 2010. Levels 23.60% (1.06) and 38.20% (1.0657) are also acting as support and resistance. We advise to wait an exit of the range 1.0580, 1.0650 before taking position.

See the previous analysis of the USD/CHF parity of March 22, 2010