FX Watch: Is USD/CHF Ready for a Triangle Breakout?


Dollar traders seem excited to adjust positions ahead of Friday’s NFP release, so leading jobs indicators like the ISM manufacturing PMI could spark volatility early this week.

Expectations are for a slight improvement in September, which means that an upside surprise could continue to dampen expectations for aggressive Fed easing.

Here’s what I’m watching on the hourly chart of USD/CHF.

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