According to the research team at BBH, the pair could face strong resistance in the 0.9920 area.
Key Quotes
“The Swiss franc has been somewhat more resilient”.
“It has not completed the 61.8% retracement of the post-FOMC gains, which is found by CHF0.9815”.
“Interestingly, this corresponds to the 38.2% of the franc’s gains since the ECB meeting (~CHF0.9820). Even if this area is overcome, the band of resistance extends to CHF0.9920”.
(Market News Provided by FXstreet)