USDCHF recently reversed up sharply from the support zone lying between the key support level 0.95900 (which has been reversing the price form the middle of April) and the lower daily Bollinger band. The upward reversal from the aforementioned support area stopped the previous short-term impulse wave (iii). Given the widespread negative Swiss franc sentiment seen across the markets today – USDCHF old is likely to extend the gains toward the next resistance level 0.96500 (former support from the end of May).