FXStreet reports that according to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, there is scope for USD/CHF to attempt a move to the area above 0.92 the figure.

“USD/CHF is consolidating following the recent strong reversal from the current November trough at .8983 and looks capable of challenging initial resistance provided by the recent high at .9207. Key resistance remains the September high at .9296. This guards the seven month downtrend at .9327. For now Elliott wave counts are suggesting dips back to .9100/.9080 should hold for another upside attempt.”