The USD/CHF is starting to look interesting because it is very close to being an excellent medium/long-term shorting candidate. The key level to watch out for is 1.0591. If we see a daily close below this level, then this could well be a good time to open a short position.
The price has been stuck in a tight trading range for a few months now and the 1.0591 figure that I've just mentioned represents the low point of this trading range, which is why it's significant.
Various other technical indicators would certainly support a downwards move. For instance the Supertrend indicator is currently red (indicating a bearish trend) on the daily, weekly and quarterly charts, and the EMA (200) is sloping downwards (with the price trading below this indicator) on all of these time frames as well.
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