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FX.co ★ USDCHF, H4 | A symmetrical triangle chart pattern?

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Forex Analysis:::2023-08-17T04:01:03

USDCHF, H4 | A symmetrical triangle chart pattern?

USDCHF, H4 | A symmetrical triangle chart pattern?

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.

Analyst InstaForex
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