I have mentioned a few times in the last two weeks that this pair is one of my favorite weather vanes for a change in USD sentiment. One cannot argue yet with no less than five ‘up’ weeks pointing to a test of the 200ma at 0.9692, a break of which should cement a continuation and get folks excited of a look at parity.
The H4 penant may delay for the moment with a downside break, however a four hour close above 0.9515ish and a positive retest should encourage.
USDCHF H4
