The Swiss Franc continues to oscillate in a narrow consolidation pattern around the 0.90 figure to the US Dollar. A break below upward-sloping support - now at 0.8964 - aims for the 0.89 figure and falling trend line resistance-turned-support at 0.8871. Alternatively, a push above resistance at 0.9013 aims for the
Risk/reward considerations argue against taking a trade at current levels as the pair treads water in the immediate vicinity of near-term support and resistance levels. We will continue to wait on the sidelines for now, looking for a clearly-defined breakout from consolidation to consider a directional bet.