Bearish setup had failed despite USD/CHF, on Sep 24, had broken below previous swing low of Sep13. Actually the pair continued the up-trending tendency and made a new and higher highs on Oct 2, 3 & 4 whereas as USD lost against other major currencies like JPY and EUR.
![](https://static.wixstatic.com/media/4683d6_e19ff2af686948ecb8e69b0d194bd3cc~mv2.png/v1/fill/w_980,h_573,al_c,q_90,usm_0.66_1.00_0.01,enc_auto/4683d6_e19ff2af686948ecb8e69b0d194bd3cc~mv2.png)
Therefore, I am bearish on CHF.
If NFP comes better than forecast, I will buy USD/CHF.
NFP is not gonna affect the market much, actual big event is
Fed Chair Powell Speaks at 2:00pm EDT.