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Forex pairs in this Article » USD/CHF (Barcelona) - The USDCHF kept on rising across the chart since early in the day to eventually fully erase last Friday's losses by reaching to 0.9282. The market had fallen that day after reaching the 0.9300 psychological level and the 55-day MA at 0.9301.

During the European morning, SNB's Zurbruegg talked against raising Swiss interest rates, but admits it as being a special situation. His main concern goes for the housing market as volumes of the swiss mortgage market worry. The USDCHF is currently trading at 0.9273.

"USDCHF has broken its resistance at 0.9248 (14/12/2012 high, see also declining trendline). Further short-term strength is favoured as long as the support at 0.9214 (intraday low) holds", wrote MIG Bank analyst Bijoy Kar, pointing to resistances at 0.9303 (04/01/2013 high) and 0.9383 (07/12/2012 high).
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