FXstreet.com (Barcelona) - The Dollar has continued increasing against the Swiss Franc, and according to the ActionForex Technical Team further climbing is likely: USD/CHF's rise from 1.0147 resumed by taking out 1.0446 resistance and climbs to as high as 1.0489 so far. Further rally is still expected to 1.0526 resistance. As discussed before, break will confirm that fall from 1.0623 has completed with three waves down to 1.0147 and bring retest of this high first. On the downside, the ActionForex team foresees: Below 1.0301 will suggest that consolidation from 1.0623 is going to extend further, probably with another fall to below 1.0147 before completion.
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