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.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.