USDCHF breaks above 1.1548 key resistance, suggesting that a cycle bottom has been formed at 1.1159 level on daily chart. Consolidation in a range between 1.1159 and 1.1780 is expected in a couple of weeks.
For long term analysis, USDCHF has formed a cycle bottom 1.0366 level on weekly chart. Consolidation in a range between 1.0366 and 1.2296 is expected in a couple of months.
