Wed, 06 Aug 2014 12:42:35 GMT
USD/CHF 4H Chart: Rising Wedge
USD/CHF has been in a distinct up-trend since mid-Jul, and, judging by the technical studies, the upward momentum is unlikely to weaken. However, since the trading range of the pair has been narrowing lately, there is a significant possibility of bulls soon becoming exhausted, as the pattern implies a potential reversal of the trend.Nevertheless, right now the outlook is positive.