WillRakowski

Bullish Continuation on USDCHF?

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
- The previous trading week has seen a symmetric triangle consolidation of the price following a trend reversal and short rally on 11-12 June.

- Over the coming week we could see the price finally break out of this pattern and continue upwards to the 0.96444 level, which has previously been an important support and resistance level.

- Tightening Bollinger Bands also tell us to expect a significant movement compared to last week's relatively sideways movement.