This trade will not play out completely today and will most likely be the trade of the week.
Forex Trade of the Day (USD-CHF)
The USD-CHF has continued to track higher even as the USD has been falling. The movement higher has been an ending diagonal pattern. The pattern appears to have terminated and the correction lower has begun. The correction from an end of a diagonal is relatively quick and sharp and returns to the origin of the pattern. This makes our target in the area of 0.8600. This should be a very profitable opportunity to allow more funds for buying USD in the future.