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The Swissy flag is flying at half mast!

After the release of the US non-farm payrolls, which came in well above expectations and 2023 numbers saw a slight upward revision, broad Dollar strength swept across the G10 FX board. Looking at the Swiss Franc futures daily chart below, we can see 2 bearish patterns forming. One bearish continuation in terms of a flag pattern and a bigger Head and Shoulders pattern, with the neckline lining up with the 200 DMA . A break below its neckline could see the downside accelerate towards the October 2023 lows.