USD/CHF - Watch Declining Downtrend
USD/CHF continues to struggle to decisively break the declining channel resistance at 0.9880. However, as long as the support at 0.9808 (27/10/2015 low) holds, a break to the upside is favored. Additional hourly support is given at 0.9476 (15/10/2015 low).
In the long-term, the pair has broken resistance at 0.9448 suggesting the end of the downtrend. This reinstates the bullish trend. Key support can be found 0.8986 (30/01/2015 low).