The USDCHF bounce is about to test the 200DMA.

After breaking the long term 1.5 year trend line and 200DMA, the pair is back to test the 200DMA once again and the underside of the broken trend line. In other words, this is a make it or break it level for the bulls. A failure here could pave the way for the .9800 level, and a break higher could challenge 1.0100 once again.

USDCHF Ascending wedge

Blake Morrow