Conclusion for today’s USD CHF Analysis:
The USD CHF is expected to continue bullish momentum, and price should target ~1.01651.
USD CHF analysis for today is carried out on an intraday (6 hour) timeframe. Over 11 months of price action is covered starting from February 16, 2018 to current date, and previous USD CHF analysis is provided here.
A rising wedge is identified and helps as part of the process of providing context for price action for the duration mentioned above.
A bullish flag is identified in the USD CHF with bullish price swing from January 10, 2019 to January 22, 2019 forming the pole and flag completed in 6 trading days (between January 22, 2019 and February 04,2019).
Projection of the termination of the flag’s implication is shown by the red arrow i.e. the USD CHF is expected to target the upper boundary of its current wedge at ~ 1.01651.
Price closing below 0.99093 invalidates the current USD CHF analysis.
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