The Swiss Franc is at the highest level since the end of August 2012 and is currently aiming for the long-term resistance at 0.9680 that was playing an important role in June and August 2012. Although bulls are controlling the rise all the way, yesterday was not so successful from the very beginning. The day started with a bearish breakout of the closest support at 0.9550. Bulls counterattacked during the European session and did not let go till now. The price stays high, constantly putting pressure on 0.9680 and we can assume that buyers will try to attack this level anytime soon.
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The closest mid-term support is 0.9590, the level that was holding buyers all Monday. The scenario is positive and stays that way as long as the price stays above the psychologically important barrier of 0.95, which also played an important role as a S/R level, especially in April.