USDCNH has shown a breakdown from a rising wedge and am waiting to see if an accelerated move to the downside can occur.
The guideline would be for prices to return to the widest part of the wedge.
The September 2025 breakdown from the lower line saw a rebound to the underside which is a classic textbook application, and it exhibits swing low reinforces the probability of further downside.
The 3 markings are possible projections. Watch how it unfolds to determine the support level.
The guideline would be for prices to return to the widest part of the wedge.
The September 2025 breakdown from the lower line saw a rebound to the underside which is a classic textbook application, and it exhibits swing low reinforces the probability of further downside.
The 3 markings are possible projections. Watch how it unfolds to determine the support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.