FXstreet.com (Barcelona) - The USD/CHF has broken the 1.1745 resistance and now it is pointing to the 1.1780 line, daily maximum.

The pair has risen 60 pips in the last hour since 1.1700 to 1.1760 and now it is pointing to the 1.1780. On the up side, if the resistance breaks then the target will be 1,1900 (157 pips) and 1.2000 in the big picture.

According to the Mataf.net technical team, the USD/CHF is under bullish pressure which might take it to levels around 1.1900: USD/CHF is in a consolidation after the last bullish movement. USD/CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on