FX.co - USD/CHF analysis for August 30, 2022 - Breakout of the mini bullish flag pattern

2022-08-30T11:32:42

Relevance until2022-08-31

Technical analysis:

USD/CHF analysis for August 30, 2022 - Breakout of the mini bullish flag pattern

USD/CHF been trading upside this morning and I found the breakout of the triangle pattern in the background, which is good sign for further rally.

Trading recommendation:

Due to the breakout of the symmetrical triangle pattern in the background and short-term upside trend, I see further growth on USD/CHF.

Watch for buying opportunities on the intraday dips wit the upside objectives at 0.9785 and 0.9860.

Key support is set at the price of 0.9670

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/CHF analysis for August 30, 2022 - Breakout of the mini bullish flag pattern