Cabana Capitals Blog Technical Analysis Possible breach of resistance level by USDCHF

Possible breach of resistance level by USDCHF

Possible breach of resistance level by USDCHF post thumbnail image

Emerging Rising Wedge detected on USDCHF – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.85815 and it is expected to move to 0.8622.

Target: 0.8622 Entry: 0.8582 Stop: 0.8559

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