CHARTVIPER

A Rising Wedge has formed, USD/CHF is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

Should we expect a breakout or a rebound on USD/CHF?
USD/CHF was identified at around 0.86687 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.8695 level.

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