USD/CHF Bullish on Positive USD, Contagion From Weak EUR on CHF

        0101 GMT [Dow Jones] The USD/CHF is likely to trade in a higher range Thursday, supported by positive USD sentiment; contagion from a weak EUR on CHF; and franc sales on a soft CHF/JPY cross. The daily chart is mixed as the MACD indicator is bearish, but the slow stochastic measure is rising from oversold levels. Resistance is at 0.9562-0.9572 (Oct. 15 high-Oct. 13 high); a breach would target 0.9593-0.9601 (Oct. 10 high-Oct. 8 high), then 0.9625 (Oct. 7 high). Support is at 0.9469 (Wednesday's low), then at 0.9395 (Tuesday's low). Spot USD/CHF is at 0.9542. (jerry.tan@wsj.com)
        (END) Dow Jones Newswires
        October 22, 2014 21:01 ET (01:01 GMT)