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Barclays Capital on USD/CHF
Barclays Capital's technical strategists say last week's USD/CHF close above its 100-day moving average (Chf.9683 Monday) and break over Chf0.9700 suggests scope for a retest of the 2011 highs at Chf0.9785 (seen Jan 11). "We expect support on pullbacks to Chf0.9600 and a break above a swing move at Chf0.9815 would force us to raise our sights to the Q4 peaks around parity," the strategists say.
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