USD/CHF bullish pattern pauses after reaching 1.0056, heading along the 1.0045 range. The bullish pattern started from 0.9188 (16/02/2018 low) is maintained. Hourly support and resistance are given at 0.9755 (10/01/2018 low) and 1.0091 (09/05/2017 high). 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.
