The drop of the dollar against the Swiss franc was suspended by the level of 0.9462, after which the U.S. currency attempted to recover. Reaching the resistance level of 0.9563 (where the 100-day moving average runs), the pair exhausted its power and moved back to 0.9511. However, this level could be the starting point for the development of an upward momentum, which caused a strong increase in the dollar. As a result a number of resistances have been passed and the pair renewed the maximum of this year, reaching 0.9801. The RSI and Stochastics are showing signs of being overbought, it may help the pair to consolidate or develop a downward correction. At the same time, the pair’s prospects have considerably improved, thus the dollar could reach the new heights. Dropping below 0.9680 – 0.9660, can weaken the pair bulls.
