| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The USD/CNH currency pair has been trading upwards within the rising wedge pattern since the end of February. From a theoretical perspective, it is likely that the exchange rate could continue to trade within the given pattern until the end of April. Then, the rate could break the given pattern south. However, note that the currency pair would have to exceed the resistance level at 7.200. If the given level holds, a breakout south from the pattern could occur sooner. It is unlikely that the pair could drop below the support level—the monthly S2 at 6.8979.