The dollar-Swiss franc pair traded well-above its channel-resistance line and its 200-day simple moving average level of 0.9430. Today's peak for the pair is seen at 0.9545, rising as much as 0.13 percent from yesterday's close of 0.9526. Key driver for the pair is ofcourse the SNB rate decision and the output of which is widely believed a status quo.
The pair is moving above its 200-day simple moving average level and the relative strength index or RSI is staying slightly below the overbought territory. Further rally may be resumed above the 0.9555 resistance level, its March 8th high, owing to the fact that yesterday's corrective pullback failed to test the 0.9420 minor support.
