Early price action yesterday saw USDCHF sold towards the trend defining 13 day moving average. However the entire initial decline of more than 45-pips was regained into the close as the average rate went untested.
This strong bounce keeps the underlying tone, reflected by a rising Keltner channel, intact with scope for new highs for this month to be posted - .9422, .9434 and .9457 are our targets for the coming days.