USDCHF - "The longer term wave structure is bullish as the decline from 1.2571 is a double zigzag (inverse of the EURUSD rally).
A longer term inverse head and shoulders pattern (May 2006, December 2006, April 2007) is also visible." Still, a break above the trendline drawn off of the 2/12 and 4/9 highs is required to clear the way for higher prices.