On the 4 hour chart now, we can see that USD/CHF is now moving in a narrow range. Overall, this pair has already formed a Triangle Pattern. It means that the USD/CHF pair will soon decline especially if this pair breaks out and closes bellow the red rectangle/ It will break through 0.9480 and 0.9375. This scenario is likely to occur if the pair does not rise and close above 0.9553.
(Disclaimer)
