#USDCHF Holding On As A Safe Haven

Contrary to the other majors and many of their connected crosses, the swissey has been holding on as the safe haven for investors during turbulent days. However many indications says that a strong correction upwards is imminent (wedge + divergences), it seems that this particular pair is draining milk from rock.

 Literally.

As though the US Dollar Index is regaining ground (after a bounce from a triangle's lower trend line), the Franc is into a short-term downtrend. After having completed about 62% of its weekly average range, having the weeks and the months trend both aligned SOUTH, we should see a completion of this weeks range to the downside. However, as an outlook, not for trading sakes, I wouldn't be surprised if this months high is taken sooner than later.

For trading sakes, shorts are WAY more promising as of now.

On lower time frames, we can see a pretty flat, sideways channel which the top break, will represent the break of the monthly high so far.

Here is the daily chart for the Franc.

The Franc have all indications of a move upwards. However, we are still in downtrend mode.