The Swiss Franc.

Good afternoon Dynamic Traders,

Todays chart of the USDCHF on a daily timeframe, should be kept on your watchlist with a close eye.

As you will know this chart has been trending downwards for some time now and recently found support at a former R/S level and figure area, where it bounced back up to another '00' figure area, which also had price action in a breather level zone at that point.

At present price is coming into a squeeze area with the trendline and R/S line, and with the trend being down, a possible break south could be on the cards which is strengthened with some confluences to be seen on the chart and others that you could find yourselves whilst doing your own analysis, leaving just the entry to be worked out.

As always please ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.