No bounce in USD/CHF after comments from SNB head Hildebrand. Hildebrand acknowledged that the bank may fail to pay dividends to the Swiss cantons in the years ahead, a tacit admission that it is going to have to hold its EUR/CHF position for a long time in order to breakeven (if ever)…
0.8408 is support dating back to yesterday on the hourly charts. Small stops are yed just below that level.
0.8380 and 0.8345/50 are further support in USD/CHF. Resistance lies at 0.8445/55.