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USD/CHF forming head and shoulder bottom

USD/CHF is a pair to watch for the rest of US session as it’s pressing 0.9490 resitsance. Break there will complete a head and shoulder bottom pattern. LS: 0.9254, H: 0.9186, RS: 0.9337. In that case, further rise would be seen to 100% projection of 0.9186 to 0.9490 from 0.9337 at 0.9464. And as USD/CHF could have reversed its down trend, there would be prospect of a test on 0.9977 further down the road. But agian, that’s subject to a solid break of 0.9490 first.

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