The pair is already at 1.04 after being on parity less than a fortnight ago. Yesterday, it broke the short trend in place since March, but the pair needs to go over 1.043. This was the resistance from late September, early October. The next resistance is at 1.0531, which will coincide with the 200 days MA, if it breaks 1.045 today, October's high. Below, Swiss franc traders could see some exhaustion on the one hour chart, with an overbought RSI. In that case, they'll have to lose 1.04, where they'll meet with 1.037/61.

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