USD CHF surpasses the resistance barriers – Analysis - 28/08/2015
Economies.com
2015-08-28 05:06AM UTC
The USDCHF pair showed strong breach to 0.9530 then 0.9615 levels yesterday, which opens the way to regain the short term bullish trend and stop the bearish correctional pressure that domination the recent trading, waiting to breach 0.9725 level to add more confirmation on continuing the bullish trend.
Therefore, the bullish bias will be suggested for the upcoming period, and the extended targets reach towards 0.9900, noting that breaking 0.9615 will put the price under the bearish correctional pressure again.
Expected trading range for today is between 0.9530 support and 0.9800 resistance.
Expected trend for today: Bullish
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