Dollar strength has been consistently diminishing against the Swiss Franc since Apr. 20th. Resistance has formed along the depicted tops. Currently, USDCHF finds itself hanging at the ceiling in an ever-so tightening pattern.
Support has been met on at least three occasions. Such a level appears to form the base of the current price action exhibited by the pair. Traders may want to look for a breakout above or below this tightening area for signs of an oncoming prolonged correction.
