USD/CHF has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 3 days and suggests a possible target level to be around 0.9343 within the next 19 hours.
Related Posts
AUDJPY is signaling a possible trend reversal on the intraday charts with price not breaching support.
AUDJPY is moving towards a resistance line which it has tested numerous times in the past. We have…
USDJPY – breach of price line that’s been previously tested numerous times before
A strong resistance level has been breached at 147.4710 on the 30 Minutes USDJPY chart. Technical Analysis theory…
A possible move on NZDUSD as it heads towards resistance
A Rising Wedge pattern was identified on NZDUSD at 0.59518, creating an expectation that it may move to…