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USD/CHF Drifting Higher in a Rising Channel

The USD/CHF has been bullish since last week, after finding a low at 0.8743. IT has been rallying choppily in a rising channel. 

Breakout, pullback:
Within this rising channel, the 4H chart shows a bullish break from 0.8835 consolidation resistance, a tag of 0.8855, then a test of this 0.8835 resistance now as support. 

A break below 0.8820 would show trouble for the bullish scenario and focus will turn toward a channel support breakout. Otherwise, USD/CHF is still bullish in the short-term and in the 4H chart.

(usdchf 4h chart, 4/22)

Resistance: In the 4H chart, the market still looks like it is bullish, but as it approaches 0.8870-0.8880, it will be challenged by 61.8% retracement and some common highs from March. If the market finds resistance there and breaks the pattern of higher highs and higher lows, or breaks below the rising channel, then we can be looking at a bearish continuation, or at least an attempt toward 0.8780-90 support, and the 0.8743 low.
The daily chart is not very indicative of direction. It does show an overall bearish trend within a slightly falling channel. However, within this context, there is still upside risk toward 0.90 before the market tests the channel resistance.

(usdchf daily chart, 4/22)