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.
After multiple tests of a multiyear wedge’s resistance the Swissy has finally broken out today.
Earlier this year, the USDCHF rallied past this multi-year trend line and reversed course? Will it happen again?
The USDCHF rally has been very strong in the last several weeks from the beginning of the year, but the pair has ran into a wall of resistance at the multiyear trend line that spawns back from the end of 2016.