USD/CHF: Credit Suisse is betting on an extension of the rise to 0.9835

Credit Suisse announces it has a bullish view of the USD/CHF, and details the important thresholds to monitor:

"The USD/CHF pair remains strong and remains above its 20-day Moving Average and above the support level at 0.9679/53.

In our view, the immediate risk is moving toward an increase to 0.9767. A bigger obstacle is above, at 0.9782, and the 200-day MA is at 0.9835, the threshold where we expect sellers to emerge."