USDCHF approaches the target – Analysis - 07-02-2018

The USDCHF pair traded with clear negativity yesterday to approach our waited target at 0.9418, to keep the bullish trend scenario active until now, being away that it is important to monitor the price behavior when touching the mentioned level, as breaching it will push the price to extend its gains and head towards 0.9530 as a next station, while its stability will push the price to decline again.

We should note that breaking 0.9285 will stop the expected rise and push the price to resume its main bearish track again.

Expected trading range for today is between 0.9285 support and 0.9418 resistance.

Expected trend for today: Bullish