USD/CHF has the 0.94 level in its crosshairs – BofA

USD/CHF has climbed to a fresh daily high around the 0.9320 region. Economists at the Bank of America think the pair paints a bullish technical picture and is set to grind higher towards the 0.9400 level.

Weekly close above 0.9232 needed to say breakout

"USD/CHF rallied marginally above trend line resistance (again). It needs a weekly close above 0.9232 to say breakout.”

“We hold a bullish bias while the support line at 0.9088 holds for upside to 0.9400, the 200-week SMA at 0.9558 and maybe the Fib level at 0.9672."