USD/CHF has broken through the support line of a Rising Wedge 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 6 days and suggests a possible target level to be around 0.8660 within the next 10 hours.
Related Posts
If you’re long NZD/USD you should be aware of the rapidly approaching level of 0.5956
NZD/USD is en route to a very important line that will be a definite deciding factor of what…
We expect a 91 pip movement on NZDUSD for the next 48 hours.
We expect NZDUSD to trend upwards for the next 48 hours. Based on these past Germany Inflation Rate…
Will USD/CHF break through the support level it tested before?
USD/CHF is moving towards a line of 0.9094 which it has tested numerous times in the past. We…