The market has been kind of iffy during the past couple of months and the USDCHF pair has been behaving in the same way. Looking at its daily chart, you can see that the pair has winded into a rising wedge pattern after marking an all-time low at 0.9462 back in October 4. Now as you of you might know, a rising wedge pattern is deemed bullish by technicians since it only depicts a temporary rally in prices. If this is the case, then the Swiss Franc could once again take over the USD‘s driver seat. Notice also that the pair has recently encountered a resistance at the 50% Fibonacci retracement level of the last down move. Is a breakdown imminent? It’s quite possible. If it indeed breaks the support of the wedge, then pair could once again revisit its previous low. On the flip side, continued pessimism in the markets could push the pair at least back to dollar-parity.