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FX.co ★ USD/CHF analysis for August 30, 2022 - Breakout of the mini bullish flag pattern

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Forex Analysis:::2022-08-30T11:32:42

USD/CHF analysis for August 30, 2022 - Breakout of the mini bullish flag pattern

Technical analysis:

USD/CHF analysis for August 30, 2022 - Breakout of the mini bullish flag pattern

USD/CHF been trading upside this morning and I found the breakout of the triangle pattern in the background, which is good sign for further rally.

Trading recommendation:

Due to the breakout of the symmetrical triangle pattern in the background and short-term upside trend, I see further growth on USD/CHF.

Watch for buying opportunities on the intraday dips wit the upside objectives at 0.9785 and 0.9860.

Key support is set at the price of 0.9670

Analyst InstaForex
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