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The USDCHF achieves strong gains – Analysis - 20-10-2022
The USDCHF pair rallied upwards strongly yesterday after breaching 0.9980 level, to touch 1.0064 again and attempts to breach it, which hints heading to achieve more expected gains in the upcoming sessions, targeting visiting 1.0100 followed by 1.0170 areas as next positive stations.
Therefore, the bullish bias will be suggested for today, taking into consideration that failing to breach 1.0064 will force the price to decline again to visit the bullish channel’s support line around 0.9950.
The expected trading range for today is between 1.0000 support and 1.0140 resistance.
The expected trend for today: Bullish
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