USDCHF needs the positive momentum – Analysis - 07-03-2017

Economies.com
2017-03-07 05:17AM UTC

The USDCHF pair provided positive trading after leaning on the bullish channel’s support that appears in the image, to settle above 1.0100 now, reinforcing the chances for the bullish bias continuation towards our next target at 1.0157.

 

In general, we keep preferring the bullish trend on the intraday and short term basis unless breaking 1.0043 level and holding below it, pointing that stochastic current negativity might push the price to provide negative trading before rising again, pointing that the EMA50 keeps supporting the suggested bullish wave.

 

Expected trading range for today is between 1.0043 support and 1.0170 resistance.

 

Expected trend for today: Bullish

 

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