Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on USDCHF?

Should we expect a breakout or a rebound on USDCHF?

Should we expect a breakout or a rebound on USDCHF? post thumbnail image

Emerging Falling Wedge detected on USDCHF – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.84217 and it is expected to move to 0.8377.

Supported by RSI above 60

Target: 0.8377 Entry: 0.8422 Stop: 0.8446

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