USDCHF | Triangle Compression with Wave e in PlayUSD/CHFOANDA:USDCHFAlchemyMarketsUSDCHF has been drifting within a broader consolidation phase as shifting expectations around the Fed’s easing path and Switzerland’s stable inflation backdrop keep both sides of the pair muted. This environment often breeds contracting structures, and the chart continues to reflect that. Technical Lens: Price action still tracks cleanly inside a contracting triangle, with waves a through d already outlined. The latest pivot appears to be forming wave d off the lower boundary, keeping the structure intact. If the triangle remains the dominant pattern, the next leg of interest is wave e, carrying price back toward the upper boundary without breaking beyond the existing compression. Scenarios: If the lower boundary continues to hold, the move into wave e remains the primary path, keeping the consolidation alive. If price breaks beneath the lower support line, the triangular narrative weakens and a larger directional shift could begin to unfold. Catalysts: Incoming US data on inflation and labour markets, along with SNB commentary and shifts in global risk sentiment, are likely to shape whether the pair respects the structure. Takeaway: USDCHF remains in a maturing triangle, with the recent touch of support hinting at a developing wave e, provided the lower boundary stays firm.