CHF

The Aussie/U.S. dollar currency pair made a strong and firm break below the 0.7512 bearish level and the lower corrective channel line. The U.S. dollar/Swiss franc currency pair is trading higher today, unfolding a nice and clear bullish structure from the 0.9786 low.

While most central banks are or close to dropping their dovish policy stances, the Swiss National Bank is likely to buck that trend f

The USD is going higher, but not against all the currencies; we see it in a strong bullish mode only against the EUR and CHF at the moment.

On the daily chart of the U.S. dollar/Swiss franc (USD/CHF) currency pair we are looking at a higher degree complex correction, a three wave A-B-C rise, that seems to be in action since end of December of 2014.

On the 4-hour chart of U.S.

U.S. dollar/Swiss franc (USD/CHF) is slow since price fell to 0.9710 last week, so it appears that market is still making wave B pattern that can be an irregular correction.

U.S. dollar/Swiss franc (USD/CHF) currency pair has made a big pullback since end of 2015 that we see it as a corrective and temporary decline. Notice that falling price action was overlapping.

The U.S dollar/Swiss franc (USD/CHF) currency pair is in a deep pullback since December of 2015 when pair found a high at 1.0327, which we think it's a temporary top since we see current big decline as corrective wave IV.