USDCHF wedge brakeout into a smooth
ascending channel, boxed between 150 sma and 200 sma. Trend is up within the channel, targeting 0.91523, potential 0.92448.
Scenario :
Braking out of the channel, to the upside, may result in an
impulse swing targeting 1/14' 0.91523 high.
breaking down, support may be found at the recent low at 0.88954
and at the 75 sma and horizontal and diagonal support at 0.88473, before taking a new potential path.
ascending channel, boxed between 150 sma and 200 sma. Trend is up within the channel, targeting 0.91523, potential 0.92448.
Scenario :
Braking out of the channel, to the upside, may result in an
impulse swing targeting 1/14' 0.91523 high.
breaking down, support may be found at the recent low at 0.88954
and at the 75 sma and horizontal and diagonal support at 0.88473, before taking a new potential path.