Following a massive surge of 9.40% which happened beginning of February, the US Dollar has been trading in a junior descending pattern against the Swiss Franc. The currency pair tested the lower boundary of an ascending channel on June 26.
It seems that the exchange rate has bounced off the bottom border of the dominant pattern and this could follow by a subsequent surge for the USD/CHF currency pair.
As for near future, it is likely that the currency exchange rate breaks out from a strong resistance cluster formed by the combination of the weekly and the monthly PPs near 0.9921 during the following trading
