According to Thomas Moser, Alternate Member of the Governing Board of Swiss National Bank, the Swiss Franc is overvalued, especially against the US Dollar. It is harmful to the Swiss economy. He forecasts the weakening of the Swiss currency. But the outcome will be seen only in long-term perspective.
According to the Department of Masterforex-V Trading System , USDCHF is developing a mid-term flattish movement. The bullish wave A/B of wave level H12 is completed. A break above 0.9299 will resume the forming of the mentioned wave A/B, thus increasing its wave level up to Daily. The closest levels of resistance are 0.9323/31, 0.9347, 0.9377/88, 0.9424, 0.9459 (clusters of Fibonacci levels). A break below 0.9088 will resume the long-term downtrend of USDCHF. The closest level of support are 0.9079 and 0.9065.
