There appears to be a lot of indecision in the currency markets at the moment, highlighted by the fact that we’re seeing consolidation in a number of currency pairs, including USDJPY, EURUSD, EURGBP and USDCHF. USDCHF has actually been consolidating since the start of the year, as highlighted by the higher lows and lower highs. As you can see by the chart, there hasn’t really even been any real attempts at a breakout, although we may now have seen early signs that a breakout attempt is close. As you can see on the charts, the pair has found strong resistance around 0.94 in recent days, where the 50 day SMA crosses ... (full story)