USDCHF is seen bullish for the 4th day consecutively forming new high for the month. Despite market being dull for the past few days, USDCHF managed to reach the top ascending wedge pattern at January 2015 high. The pair is likely to continue its momentum, getting continuous support by the EMA50, reinforcing the chances of heading towards our next waited target at 1.0200.The pair got a big boost last week after SNBs Jordan said over the weekend coming into the April 15th week, that the central bank would be willing to cut rates and/or intervene. It has been a steady run higher since that time.Drilling to the hourly chart, the bullish run was helped today on the break of a topside trend line on the hourly chart at 1.0178. The expected trading range for today is between 1.0100 support and 1.0220 resistance.

USDCHF TODAY:
Daily open: 1.01510
Daily Last high: 1.01462
Daily Last Low: 1.01259
Daily current growth: +0.64%