The Swiss franc softened after the Swiss National Bank pledged to keep its policy loose.
The US dollar saw an acceleration in its momentum after it cleared the daily resistance at 0.9260. The RSI’s double top has triggered a pullback to let the bulls catch their breath.
The pair has found bids at the 61.8% (0.9220) Fibonacci retracement level. A break above 0.9280 would resume the rally towards April’s peak at 0.9460.
A bearish breakout could send the greenback to 0.9160, a key floor to keep the uptrend afloat.
