USDCHF has been moving sideways since the end of March. We see five price swings between two trend-lines that reminds us of a triangle formation. That’s an A-B-C-D-E pattern that occurs in the direction of a trend, so it’s a continuing formation suggesting further rise for USDCHF. In fact this bullish trend continuation is already here, after a recent bounce from 0.9470 and above the upper resistance line and wave D swing high. A move from the last two weeks is also sharp, so we see 1.0000 coming, but then even 1.0300-1.0400 in the months ahead.
USDCHD, Daily
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