© Dukascopy Bank SA
Additional reason to believe that the U.S. Dollar is going to depreciate is the currency pair's proximity to the upper trend-line of the pattern, which is reinforced by the 200-hour SMA and is thus highly unlikely to be breached. Accordingly, there is a good chance that USD/CHF will soon start moving away from the supply at 0.8824 and en route to 0.8850, where it will supposedly encounter strong support.
© Dukascopy Bank SA