USD/CHF has recently completed the Clear Ascending Triangle chart pattern identified by Autochartist on the daily charts. The overall Quality of this chart pattern is measured at the 7 bar level as a result of the strong values of all the contributing Quality indicators - 7 bar Initial Trend and Uniformity and higher Clarity (8 bars). This chart pattern follows the preceding sharp upward price impulse from the support area above the round price level 0.7000 (shown on the third chart below). Both of the connecting points of the upper resistance trendline of this chart pattern (points A and B on the chart below) formed when the pair reversed down from former strong support level 0.9300 (acting as resistance after it had been broken). The pair has recently broken through the upper resistance trendline of this chart pattern coinciding with the aforementioned resistance level 0.9300 and is expected to rise further in the direction of the Forecast Area set between price levels 0.9635 and 1.0015.
As can be seen from the following 30-minute Key Levels chart for USD/CHF, the above Breakout coincided with the Breakout through the horizontal Resistance Level 0.9388, identified previously by Autochartist. Two Breakouts in one direction increase the chances that this currency pair will continue to rise tomorrow.
The following daily USD/CHF chart shows the aforementioned technical price levels:
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