NZD/CHF - Breakout to the upside coming soon?

Following on from a substantial downtrend in this pair, we can see that price has broken out of the descending channel and been ranging sideways for the last 4 days. Price is now consolidating within a small ascending channel. This is a pivotal area for this pair as any break above this could signal the beginning of a large correctional move to the upside.

If price can breach higher above the 5240 zone this may indicate further upside in this pair.