USD/CHF interrupted its consolidation phase, heading above the 0.94 range. The pair approaches hourly resistance at 0.9469 (24/01/2018 high). Hourly support remains at 0.9188 (16/02/2018 low). The technical structure suggests short-term increase.
In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support lies at 0.9072 (07/05/2015 low) while resistance at 1.0344 (15/12/2016 high) is distanced. The technical structure favours a long term bullish bias since the unpeg in January 2015.
. Hourly support remains at 0.9188 (16/02/2018 low). The technical structure suggests short-term increase.){kind=link}