USD/CHF is moving towards the support line of a Rising Wedge. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within the next 23 hours.
Related Posts
After testing the support line numerous times, EURJPY is once again approaching this line. Can we expect a bearish trend to follow?
EURJPY was identified at around 172.4435 having recently rebounded of the resistance on the 30 Minutes data interval.…
Rare set of bullish consecutive candles on the GBPJPY Daily chart. Can we expect a turn-around?
After posting 7 consecutive bullish candles in 8 days, you may start considering where GBPJPY is heading next,…
AUDCAD is currently testing a level of 0.8983. Will the breakout continue or will things reverse?
AUDCAD has broken through 0.8983 which it has tested numerous times in the past. We have seen it…