Why USDCHF is a Blankety-Blank

usdchf consolidating for more than three months across a technical retrenchment zone
You may notice, the technical format of the triangular formation reflect at the chart

move above 0.9720 – 0.9860 opens a clear  bullish sign area could trigger further bullish pressure to higher levels such as 1.12
move below 0.9330 – 0.9260 opens a clear bearish sign area could trigger further bearish pressure to lower levels such as 0.77 

Potential daily range seen between 0.9600 – 0.972 ,while weekly could test 0.9330- 0.9780

from the fundamental side:
The rally was likely triggered by hawkish comments “If the economy evolves as we expect, economic conditions likely would make it appropriate at some point this year to raise the federal funds rate target, thereby beginning to normalize the stance of monetary policy,” .During two days of testimony before Congress, Yellen signaled that the central bank remains on track for the first rate hike in almost a decade”. 
the interest rate differential between the U.S. and Switzerland is making the U.S. Dollar a more attractive investment.

get ready for a big move when the boundary will break up/down 

chf chart

usdchf chart

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

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