Sasha Singh
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USDCHF : Consolidating Within Symmetrical Triangle

USDCHF have started consolidating and preparing itself for a big move on the hourly chart. The pair could breakout in any direction.I will be closely looking at this pair and will wait till it reaches the apex of this symmetrical triangle. This week is full of important data as mentioned by Nabil Siroum in his blog. Let’s see which data brings significant move in the pair. Similar movement but in opposite direction could be seen in the pair EURUSD as it is negatively correlated with USDCHF.