USD/CHF support located at 0.8967-62
The four-hour chart highlights USD/CHF trading within an Expanding Wedge formation. The trend of lower lows is located at 0.8962. This formation has an eventual bias to break to the upside.
Moving out to the daily chart and we have a projected support level from a cypher pattern known as a Bat formation located at 0.8967.
Although the expected move higher from this zone (0.8967-62) is corrective, we could see an extension up towards 0.9120 in the BC leg.
Moving out to the daily chart and we have a projected support level from a cypher pattern known as a Bat formation located at 0.8967.
Although the expected move higher from this zone (0.8967-62) is corrective, we could see an extension up towards 0.9120 in the BC leg.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.