The USDCHF may be setting up a bear flag pattern.

The Swissy (USDCHF) may be setting up a bear flag pattern after the rebound from the 38% retracement of the September low to the November highs. The .9950 level will be key because if broken it may be indicating that the flag pattern is about to play out back to the downside. We should also note the rally in late October, early November, also failed when we broke the 1.0050 resistance which is another reason we could eventually see the bearish flag play out.

USDCHF Bear Flag

Blake Morrow