USDCHF: Raising Wedge Breakdown.

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Despite the recent pullback from 1.0022, the USDCHF is still under the support-turned-resistance forming part of the “Rising Wedge” bary pattern, unless it clears the 1.0060 mark.

If the pair clears 1,0060 upside barriers, 1,0075 and 1,0100 can entertain buyers before challenging them with an upward slanting trend at 1,0125 and then 1,0140. On the contrary, the 0.9990-85 horizontal support could please the sellers with a break of 1.0022. If prices continue to decline after 0.9985, 0.9930 and 0.9900 can flash on Bears ‘ radars to the target.

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