USDCHF is showing bullish divergence on the daily charts. The US Dollar index is also approaching major support so this divergence could be a useful confluent factor for any trader looking to long the Swissie. The current area is aligned with the recent swing low 0.8918 which gave a near 400 pip bounce when hit.
I will personally be looking for one push lower at these levels followed by a price action reversal signal before considering a long. With EURUSD also hitting the 1.4500 level a small corrective move for the Dollar is certainly not out of the question.
Price action early next week should give an indication of the major currencies short term direction as all of the majors are at significant levels.
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