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USDCHF: Symmetrical Triangle

USDCHF, H2

USDCHF is navigating within a symmetrical triangle, sandwiched between the 0.8950 resistance and the 0.8920 support.

  • The price breaks above the DEMA and TEMA, while the RSI breaks below the 50-line.
  • If the price breaks above the upper trendline, the next target will be at the 0.8990 resistance.
  • However, breaching below the 0.8920 support will trigger a decline toward the 0.8870.

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