USDCHF Right angled broadening wedge

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Dec 13, 2016 8:07 AM

On the USDCHF 4HR chart we have a right-angled broadening wedge, with horizontal resistance at the 1.0190 area. We are waiting for a break to the upside of this structure to target 1.026 and 1.032 which are the previous daily highs on this pair.