USDCHF gathers the positive momentum – Analysis - 20-08-2018
Economies.com
2018-08-20 03:03AM UTC
The USDCHF pair continues to fluctuate within sideways track as appears on the chart, noticing that stochastic gathers the positive momentum and reaches the thresholds of the oversold areas, which forms positive motive that we expect to assist to push the price to rise again.
Until now, the bullish trend scenario will remain valid in the upcoming period conditioned by the price stability above 0.9850, reminding you that our next main target is located at 1.0055.
Expected trading range for today is between 0.9890 support and 1.0000 resistance.
Expected trend for today: Bullish
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