Technical analysts at Barclays Capital say a close above its 200-week
average of Chf1.1965 in dollar-Swiss (Chf1.2225) would be bullish in
the medium term and suggest scope for a run-up to Chf 1.2505 and
Chf1.3285 into next year. "A recent breakout area near Chf
1.1950/Chf1.2000 should now provide support, and while above here,
signs of broad-based Swiss franc weakness elsewhere warns of further
upside for dollar-Swiss," they say. Barclays says Chf1.2470 is a
topside target for next week.