Symmetrical Triangle on USD/CHF @ W1
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This symmetrical triangle is extremely long-term. I would expect it to finish off before the year’s end. I believe that only a bearish side breakout should be considered here because the preceding long-term trend is clearly going down in USD/CHF before this continuation pattern.
As for the fundamental factors, the CHF is currently kept from appreciating solely by the means of the SNB’s interventions – verbal and real. Similar to how it was with the 1.2 EUR/CHF peg back in 2011-2015, this get broken too and this time probably soon rather than later.