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USD/CHF - Riding Short-Term Uptrend Channel

USD/CHF is riding the uptrend channel. Hourly resistance is given at 1.0003 (22/02/2016 high). Stronger resistance is given at 1.0074 (04/02/2016 high). Hourly support can be found at 0.9896 (23/02/2016 low). Stronger support is given at 0.9847 (16/02/2016 low). Expected to see further strengthening.

In the long-term, the pair is setting highs since mid-2015. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours a long term bullish bias.

Daily Technical Report

 

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