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CHF - Can it pull off?


The currencies that are gaining strength against USD are mainly carry trade currencies. Swissy has gained strength and probably make new highs very soon and Yen is holdings its ground.

Technically Swissy seems to be very close to breaking the supporting wedgish trendline, this along with Yen near King cobra like poise for strike is perhaps an indication of coming near precipitous fall in USD in couple of days. It may be mentioned here, that the analysis are on the hourly scales. The oversoldness or the positive divergences is unlikely to have signifcant impact, if the sentiment for the already deteriorating USD deteriorates further.
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