The USDCHF is in a bear flag formation.

The “Swissy” is pointed to the long term trend line at the .9736 level with the bear flag formation, which is also the 78.6 Fibonacci retracement of the August lows to the Sept highs. However, this long term trend line is a multi year trend line spawning back from January 2015 lows which makes that support very important for the bulls.

Steve Voulgaridis