FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that USD/CHF has reached the 78.6% retracement at 0.9357 and a close above here will trigger a move to the 0.9472 March peak.

“USD/CHF has traded through but not yet closed above the 78.6% retracement at 0.9357 and we note the divergence of the daily RSI which reflects a loss of upside momentum. The pair may well consolidate in this vicinity and possibly see a small pullback. 

“A close above 0.9357 will trigger a move to the 0.9472 March peak. The 200-week ma lies at 0.9589.”