USDCHF Triangle watch
2.30PM
The Swiss franc currency is starting to break higher against the US dollar after the pair staged a notable breakout from a large symmetrical triangle pattern. The one-hour time frame shows that USDCHF pair could rally towards the 0.9100 level if the breakout remains in place. Buying a pullback towards the top of the triangle, at 0.9020, could present a swing trading opportunity in expectation of further gains.
- The USDCHF pair is only bullish while trading above the 0.9020 level, key resistance is found at the 0.9080 and 0.9100 levels.
- The USDCHF pair is only bearish while trading below the 0.9020 level, key support is found at the 0.9000 and 0.8980 levels.
Tags: USDCHF