• USD/CHF has risen over 8.0% since the start of 2024. 
• It has broken above some very important levels. 
• The question now is, has USD/CHF changed trend? 

USD/CHF was in a long-term downtrend until the pair found a floor at the end of 2023. 

Since then USD/CHF has made steady progress higher, gaining over 8.0% in the first three months of 2024. 

An interesting question now is whether from a technical point of view, the long-term trend has changed from bearish to bullish? 

This is important because, as the old adage goes “the trend is your friend until the bend at the end