USD/CHF pushes higher and now the technical pattern top is in focus
|- USD/CHF is trading higher this morning after a risk-on move.
- It has been reported that China and the US may remove tariffs.
On the 4-hour chart below USD/CHF looks like it may be set to test the top of the triangle pattern that has been forming since October,
The move today came after reports that China and US agree to phased rollback of extra trade war tariffs.
The indices are all trading higher after a move away from safe-haven assets was noted. Gold, JPY and CHF all suffered, while the DAX and the FTSE 100 rallied.
Any break of this pattern would be seen as risk positive but there are still a few things to contend with later in the session. We are due to hear from Fed's Bostic and Kaplan and we will also get the latest initial jobless claims data later in the session.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.