After breaking out of the ascending channel that we have identified on the graph, the price has been impulsing towards the upside ever since. At the moment, we might infer how a crucial area of resistance has been reached and we are expecting for some correctional moves | pullbacks to kick in from here and drive the price towards the downside in the middle...
usdchf has formed a falling wedge pattern, we expect the pair to move upwards only when the line A is broken and retested. targets are marked as p1 and p2
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