USD/CHF - 1.0578

New strategy  :  

Buy at 1.0530, Target: 1.0630, Stop: 1.0480

As the greenback rallied on active cross-selling in Swiss franc in reaction to the rumors of possible action by SNB, reviving our bullishness and the breach of 1.0564 resistance signals the rise from 1.0394 low remains in progress, should bring retracement of recent decline to minor resistance at 1.0618, then 1.0630/35 (100% projection of 1.0394 to 1.0564 measuring from 1.0461), however, reckon previous chart point at 1.0676 would hold from here.

In view of this, we are looking to buy dollar again on pullback as the Kijun-Sen (now at 1.0528) should attract renewed buying interest and bring such a rise. Only below intra-day support at 1.0482 would abort and signal top has been formed and risk test of support at 1.0461 first.