USDCNH: One More Bullish Confirmation
↪️The USDCHN pair rebounded from an important level of support on a 4H chart last week.
Analyzing the 4-hour timeframe, I observed another indication of a potential bullish movement. In this instance, the pair surpassed and successfully closed above a resistance line formed by a falling wedge pattern, as well as a smaller horizontal resistance level, now support.
This suggests that the market could potentially continue to rise, with target levels set at 7.1777 and 7.2513...Trade safely 👍✅
Analyzing the 4-hour timeframe, I observed another indication of a potential bullish movement. In this instance, the pair surpassed and successfully closed above a resistance line formed by a falling wedge pattern, as well as a smaller horizontal resistance level, now support.
This suggests that the market could potentially continue to rise, with target levels set at 7.1777 and 7.2513...Trade safely 👍✅
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