USD/CHF: SocGen bank bets on the rise of the pair

"The USD/CHF just broke upwards through a triangle that was in place since January 2015 and has recently formed a pullback above it before reversing.

A further rise towards the range's resistance level in place since 2011 (at 1.0420/1.0660) seems likely.

In the short term, we have confirmed an inverted shoulder-head-shoulder configuration and this seems to point to 1.02." says SocGen bank.