USDCHF, “US Dollar vs Swiss Franc”
USDCHF is correcting within a Wedge pattern. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 0.9005 is expected, followed by a rise to 0.9185. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Ichimoku Cloud, with the price securing below 0.8925, which will signal a further decline to 0.8835. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the Wedge reversal pattern, with the price establishing itself below 0.9055.
Origin: RoboForex
