USDCHF, H4 | A symmetrical triangle chart pattern?
August 17, 2023 5:23 am
The USD/CHF chart shows a neutral trend, likely fluctuating between 0.8827 1st resistance and 0.8696 1st support. Key levels include overlap supports and resistances, and a pullback resistance at 0.8911. The chart features a symmetrical triangle, hinting at upcoming consolidation before a possible breakout. This suggests impending volatility and a potential decisive shift in either direction.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/CHF chart shows a neutral trend, likely fluctuating between 0.8827 1st resistance and 0.8696 1st support. Key levels include overlap supports and resistances, and a pullback resistance at 0.8911. The chart features a symmetrical triangle, hinting at upcoming consolidation before a possible breakout. This suggests impending volatility and a potential decisive shift in either direction.
The material has been provided by InstaForex Company – www.instaforex.com
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