USDCHF is approaching a critical breakout zone after forming a bullish ascending triangle pattern. The pair has been in a sustained downtrend but is now testing the confluence of a descending trendline resistance and the 50-period EMA.
Price is currently consolidating just below the key resistance zone near 0.8000. A clean breakout and retest of this zone could trigger bullish momentum, potentially targeting the 0.8250 region in the coming sessions.
Price is currently consolidating just below the key resistance zone near 0.8000. A clean breakout and retest of this zone could trigger bullish momentum, potentially targeting the 0.8250 region in the coming sessions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.