USDCHF Daily Chart

USDCHF Hourly Chart

News:
6.30pm Leading Index m/m Actual ___ Forecast 1.60 Previous 1.65

USDCHF Daily:

Market has came down a lot from the 1.2xxx level to the current levels of 0.99xx. There was an interesting bounce from last week, where the market didn't create a higher high, and plunged about 300 pips from Tuesday - Wednesday. It has taken a breather on Thursday, forming a little doji (take note its almost a piercing line on the Saxo Charts

USDCHF H1:

On the hourly charts, there is a pretty nice support for the last 2 days. It has entered the consolidation or sideways market now, and no strategy (except the GR technique) will work. Also forming a small closing wedge. Awaiting breakout...