USD/CHF - DAILY CHART
HEADING TOWARDS 1.1882 AND FORMING DESCENDING TRIANGLE...

Just couple of days back SNB hiked the 25bps rate to 2.25% and they're pretty much hawkish and by June they'll hike one more time. A rate hike and SNB hawkish got triggered the very important support of 1.2108 and then next strong support at 1.882 and at the same time its forming Descending Triangle pattern on daily charts. So now the key resistence is at 1.1246 which is the 38.2% fibo of 1.1882 to 1.2570. Daily CCI is clearly indicating the further strength in the CHF.