As well as the Yen, the Swiss Franc has been well supported during last trading session considering its safe haven status on fears that the threat of Eurozone contagion is becoming more and more of a reality.
We still think though that the USD/CHF is probably on the verge of a major reversal.
USD/CHF: daily chart
From a technical stand point, we still need to see a break through 0,8550 resistance to validate a bullish outlook.
Only a break below 0,83 would negate a bounce scenario over the very short term.