We see a medium term downtrend for USD/CHF. We have a breakout to the Lower side from a rising wedge formation. The rise was from 1.0370 on 29th Dec 2008 where it had created a double bottom formation to rise to 1.1882 on 20th Feb 2009. On the same day it had broken below its lower trendline of a rising channel. Now considering the wedge breakout we may have it in downtrend for the next couple of days.
