USD/CHF: Attempting to break upper limit of trend channel at 1.1710

The Dollar is trying to break the upper limit of the consolidation channel of the last two weeks, at 1.1710 (Jan 23 high), on the way to two-months high at 1.1780.

Once the USD holds above the area between 1.1780/1.1800 the pair would swift into a bullish trend which could bring it as high as 1.2000, before attempting an assault to the 1.2200 area, Nov 21 high.