As the US Dollar extended its losses against the rest of the currency pairs, the USD/CHF pair was no exception. Moreover, previously drawn patterns have been broken. Due to that reason a full review of the currency exchange rate has been conducted.
First of all the most dominant channel’s support has been moved lower. Secondly a medium term pattern has been mapped. In addition, the already broken junior pattern can be observed on the chart.
Regarding the short term future, he pair is set to continue the rebound, which began against the combined support of the dominant and medium sized patterns.
