USD/CHF has breached the channel support at 0.9724 However, prices have thus failed to hold below that level and a key support stands at 0.9712. The break of the hourly resistance at 10.9741 (11/10/2017 high) suggests an improving short-term buying interest. Expected to show continued bullish pressures within uptrend channel.
In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015.