Aurum Markets Blog Technical Analysis A potential bullish movement on USDCHF

A potential bullish movement on USDCHF

A potential bullish movement on USDCHF post thumbnail image

USDCHF is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Upward sloping Moving Average

Target: 0.8858 Entry: 0.8842 Stop: 0.8817

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