USDCHF moves in a symmetrical triangle pattern: Bearish Outlook?
USDCHF moves in a 200 pips range for the past 30 trading days. A symmetrical triangle like pattern indicates a possible leg lower for the pair.
Looking at the pair, the outlook seems mixed with no clear major catalyst at the moment.
Switzerland's economy shows some recovery in Q4, though the figure is below SNB's projection. However, a risk off event could support CHF on safe haven flow if US imposes auto tariff on Europe's automotive sector.
Looking at the pair, the outlook seems mixed with no clear major catalyst at the moment.
Switzerland's economy shows some recovery in Q4, though the figure is below SNB's projection. However, a risk off event could support CHF on safe haven flow if US imposes auto tariff on Europe's automotive sector.