USDCHF is stable – Analysis - 06-04-2018

Economies.com
2018-04-06 03:56AM UTC

The USDCHF pair settles above 0.9600 barrier, and the bullish trend still valid as long as the price remains stable above 0.9581, organized inside the bullish channel that appears on the above chart, waiting to test 0.9675 level mainly.

 

The EMA50 keeps supporting the suggested bullish wave, noting that breaching the targeted level will extend the pair’s gains to reach 0.9790, while breaking 0.9581 will push the price back to the main bearish track again.

 

Expected trading range for today is between 0.9540 support and 0.9700 resistance.

 

Expected trend for today: Bullish

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