USD/CHF M30 Chart: Rising Wedge

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Source: Dukascopy Bank
© Dukascopy Bank SA
The rising wedge has formed on USD/CHF M30 chart. The pattern has quality of 68% and the magnitude of 98%. Pattern started on February 27th. Price is in the final stage of consolidation and now is trying to bounce from the support level at 0.9180. Bullish traders are expecting resistance breakout near 0.9215 with initial target 0.9300. Primary target for sellers is around 0.9120.
© Dukascopy Bank SA
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