USD/CHF is moving towards a line of 0.8648 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/CHF continues in its current trajectory, we may see it move towards 0.8648 within the next 17 hours.
If you’re long USD/CHF you should be aware of the rapidly approaching level of 0.8648
