USD/CHF has risen over 8.0% since the start of 2024.
It has broken above some very important levels.
The question now is, has USD/CHF changed trend?
USD/CHF was in a long-term downtrend until the pair found a floor at the end of 2023.
Since then USD/CHF has made steady progress higher, gaining over 8.0% in the first three months of 2024.
An interesting question now is whether from a technical point of view, the long-term trend has changed from bearish to bullish?
This is important because, as the old adage goes “the trend is your friend until the bend at the end
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